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Daily (17.09.2021): European front-year electricity prices dropped by about 7% on Thursday in tandem with lower gas
Oil prices were rather steady on Thursday after hitting a multi-week high a day earlier. Prices were partly supported by the outlook of recovering oil demand as indicated by OPEC and IEA this week. On the other hand, the threat of disruptions by hurricane Nicholas receded. Hence, Brent crude added 0.3% to settle at $75.67 a barrel. U.S. WTI crude ended unchanged at $72.61 a barrel.
read more... 17/09/2021
Gazprom Neft, Lukoil to create oil and gas JV in West Siberia
Russia's Gazprom Neft and Lukoil said Sept. 16 that they are creating a joint venture to develop an oil and gas cluster in the West Siberian Yamal-Nenets region, and are also considering further cooperation in Russia.
read more... 17/09/2021
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Russia to break the Gazprom gas export monopoly via Nord Stream 2
Russia’s Energy Ministry is due to prepare a report in the coming days about the possibility of Rosneft exporting natural gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday (15 September).
read more... 16/09/2021
Daily (15.09.2021): European Cal’22 power prices spiked to new record highs in tandem with gas
Oil prices set largely unchanged on Tuesday as concerns about Hurricane Nicholas’ threat to crude supply in the U.S. Gulf of Mexico faded. Hence, Brent crude ended rather stable at $73.60 a barrel. U.S. WTI crude was stable at $70.46 a barrel.
read more... 15/09/2021
HyDeploy reports success in UK hydrogen blending pilot
The HyDeploy consortium has said the first phase of its pilot project to blend hydrogen with natural gas was completed without any adverse affects on the system or customers' appliances.
read more... 13/09/2021