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Daily (27.08.2020): British forward gas prices hit multi-month high on Wednesday amid higher CO2 and U.S. gas prices
Crude oil prices ended on a mixed note on Wednesday, with Brent crude for October delivery declining slightly by 22 cents, or 0.5%, to settle at $45.64 a barrel on ICE Futures Europe. At the same time, U.S. WTI crude steadied at $43.39 a barrel, but held ground as U.S. producers shut output in the Gulf of Mexico ahead of Hurricane Laura. However, declining U.S. stockpiles triggered a further rise in WTI crude price.
read more... 27/08/2020
Transgaz can provide necessary infrastructure for safe Azerbaijani gas supply to Europe
For Azerbaijan’s state oil company SOCAR, Romania’s gas network operator Transgaz can provide the necessary infrastructure for the safe and efficient delivery of the gas volumes from Azerbaijan to the European market, Niculae Havrileț, State Secretary of the Ministry for Economy, Energy and Business Environment of Romania, told Trend.
read more... 26/08/2020
Cost of new UK renewable power to be much lower than previously forecast - BEIS
New wind and solar power plants built in the UK in the next two decades will have significantly lower costs than gas, and they will be much cheaper than the government previously estimated.
read more... 26/08/2020
Daily (25.08.2020): British front-month gas price rallied by about 10% on Monday amid reduced available export capacity in Norway
Oil prices ended higher on Monday as storms Marco and Laura expected later in the week halted more than half of oil production in the Gulf of Mexico. As a result, Brent crude rose by 78 cents, or 1.76%, to settle at $45.13 a barrel. At the same time, U.S. WTI crude settled at $42.62 a barrel, rising by 28 cents, or 0.7 %.
read more... 25/08/2020
Turkey’s giant gas find worth $80 billion: IEA Head
Around $6 billion investment is necessary to start production from field, IEA Executive Director says
read more... 25/08/2020