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Daily (25.09.2020): German power spot hiked by over 8% on Thursday due to weaker wind generation
Crude oil futures finished slightly higher on Thursday, buoyed by tighter U.S. crude supplies, while the alarming comeback of the pandemic in Europe restrained gains. Hence, Brent crude edged 0.4% higher, to settle at $41.94 a barrel. Meanwhile, U.S. WTI crude rose by 1%, to end at $40.31 a barrel.
read more... 25/09/2020
Africa Is The Undeniable Final Frontier For Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not dead. It is especially not dead in Africa—a hot spot in oil and gas before the pandemic.
read more... 24/09/2020
Middle East to become major LNG supplier as global fossil fuel demand wanes
Coronavirus pandemic and climate policies will leave a lasting effect on global energy demand, says annual report.
read more... 15/09/2020
Daily (31.08.2020): European carbon prices jumped to nearly €30 on Friday amid French nuclear outages
Oil prices ended slightly lower to flat on Friday as Hurricane Laura, which hit the U.S. Gulf Coast, caused less damage than feared on refineries, allowing infrastructure to start the recovery process. Hence, Brent crude stagnated at $45.05 a barrel, while U.S. WTI crude lost 0.2% to end at $42.97 a barrel. However, on a weekly basis, Brent and WTI rose by 1.5% and 1.6% respectively, as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic.
read more... 31/08/2020
Daily (20.08.2020): Higher US LNG prices continue to boost UK forward gas prices
Crude oil prices lost momentum on Wednesday, as a drop in US crude inventories was outweighed by renewed worries over the second wave of the Covid-19 pandemics. Consequently, Brent crude decreased by 0.2% to $45.37 a barrel, while WTI futures edged 0.1% higher at $42.93 a barrel.
read more... 20/08/2020