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Daily (04.09.2020): Oil prices fell on Thursday, with Brent at its lowest settlement since July 31 amid gloomy demand outlook
Crude oil prices extended losses on Thursday amid persistent concerns about the demand outlook a day after weak U.S. gasoline demand data. The market picture remains focused on muted demand growth in the United States and elsewhere, while global producers began to bring more supply into the market last month. In this context, Brent crude for November delivery declined slightly by 36 cents, or 0.8%, to settle at $44.07 a barrel, the lowest settlement since July 31. U.S. WTI crude for October delivery lost 14 cents, or 0.3%, to close at $41.37 a barrel, the lowest level since August 7.
read more... 04/09/2020
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Daily (03.09.2020): A sharp drop in German spot power price on lower demand
Oil prices eased on Wednesday due to lower gasoline demand in the United States, an indication that economic recovery from the Covid 19 crises may be slower than expected. Hence, Brent crude for November delivery fell 2.5% to settle at $44.43 a barrel. At the same time, WTI crude for October delivery dipped by around 3% to $41.51 a barrel.
read more... 03/09/2020
Germany determined to complete Nord Stream 2 pipeline despite US pressure, Merkel says
Chancellor Angela Merkel reaffirmed the German government's determination to complete the construction of the Nord Stream 2 gas pipeline from Russia, despite attempts by the United States to kill the project.
read more... 02/09/2020
Daily (28.08.2020): British near-term gas prices retreated from multi-month highs on Thursday amid ample supply, cooler temperatures
Crude oil futures ended lower on Thursday as Hurricane Laura was less catastrophic than predicted, with Gulf of Mexico production expected to recover soon. Hence, Brent crude for October delivery fell by 55 cents, or 1.2%, to settle at $45.09 a barrel. At the same time, U.S. WTI crude declined by 35 cents or 0.8% to end at $43.04 a barrel.
read more... 28/08/2020
Calon Energy’s UK gas plants put in ‘dormant state’ by administrators
That includes the 850MW Severn Power and 850MW Sutton Bridge gas plants.
read more... 27/08/2020