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Daily (28.04.2020): WTI crude plunges by 25% amid concerns over storage
Crude oil futures crashed on Monday amid signs that the worldwide oil storage is filling rapidly, increasing worries that production reductions will not come fast enough to fully offset the collapse in demand due to the coronavirus pandemic. Hence, Brent crude fell by $1.45, or 6.8%, to settle at $19.99 a barrel. At the same time, the U.S. WTI crude plunged by $4.16, or 24.6%, to end at $12.78 a barrel
read more... 28/04/2020
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Daily (24.04.2020): NBP spot at 12 p/therm on Thursday due to robust flows and weak demand
Crude oil futures gained ground for the second consecutive session on Thursday, with the U.S. WTI crude surging by about 20% as escalating tensions between Iran and the United States offset the deteriorating demand due to the coronavirus pandemic and the supply glut.
read more... 24/04/2020
Covid-19 to curb EU power prices to 2022 – study
A recession owing to the coronavirus pandemic is likely to supress European power prices for at least the next two years and risks stalling clean energy investments, Aurora Energy Research said on Wednesday.
read more... 23/04/2020
Oil rout continues as Brent falls to lowest since 1999
International oil prices plunged to the lowest level in more than two decades early on Wednesday amid a continued sell-off on fears of oversupply and the economic impact from the coronavirus pandemic.
read more... 22/04/2020
GAS – Prices slump to fresh multi-year lows
European gas contracts slumped to fresh multi-year lows on Monday as the market continued to be heavily oversupplied with the coronavirus pandemic compounding a global glut amid a lack of industrial demand.
read more... 21/04/2020