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Daily (14.12.2020): Crude oil prices edged lower on Friday despite coronavirus vaccine rollout
Crude oil prices edged lower on Friday, as investors await in anticipation for global demand recovery amid coronavirus vaccine rollout in multiple countries. As such, Brent oil shed by 0.6% to settle at $49.97 a barrel, while WTI crude lost 0.5% to close at $46.57 a barrel.
read more... 14/12/2020
Ukraine’s Ukrtransgaz to offer annual storage capacity
Ukraine's Ukrtransgaz will offer in February gas storage capacity with guaranteed injection and withdrawal capacity for up to four storage years starting from 1 April 2021.
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Tractebel outlines its vision for SMRs
Belgian engineering firm Tractebel today unveiled it`s vision for small modular reactors (SMRs), in which it notes that Canada, Estonia, Finland, France, Poland, the UK and the USA, among other countries, have "expressed a clear willingness to shape the future". It`s White Paper, The rise of nuclear technology 2.0, is the result of three years of "deep-diving the promises" of this advanced nuclear technology, and investing thousands of engineering hours in technical due diligence and market studies.
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Eni looking to sell assets in Pakistan in portfolio rethink
The company is sounding out potential buyers for a series of oil and gas assets in the country and could have a deal in place before the end of the first quarter, one of the sources said.
read more... 14/12/2020
Daily (11.12.2020): Brent crude tops $50 for the first time since March amid vaccine optimism
Oil prices surged on Thursday, with Brent crude surpassing $50 a barrel for the first time since March as optimism surrounding Covid-19 vaccine progress lifted the outlook for consumption. Moreover, the oil market was spurred by reports suggesting Chinese demand is exceeding pre-Covid levels. Hence, Brent crude for February delivery rose by $1.39, or 2.8%, to settle at $50.25 a barrel. Meanwhile, U.S. WTI crude for January delivery soared by $1.26, or 2.8%, to close at $46.78 a barrel. Both contracts marked their highest settlements since March 4.
read more... 11/12/2020