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Daily (20.04.2020): The British spot gas price plunged by 7% to 13.25 p/therm on Friday due to a weak demand and an oversupplied system
Crude oil futures evolved differently on Friday, with U.S. WTI crude at 18-year lows as bearish Chinese economic figures and growing U.S. supplies overshadowed Trump’s plan to ease lockdown measures.
read more... 20/04/2020
Europe's energy giants turn greener, but paths and targets diverge
Europe’s top oil and gas companies, which account for roughly 7% of global crude consumption, have committed themselves to greenhouse gas emission reduction targets which vary in scope and detail, making them hard for investors to compare.
read more... 17/04/2020
Daily (17.04.2020): EUAs expiring in 2021 soared by 8.5% on Thursday due to nuclear concerns in France
Crude oil futures ended on a mixed note on Thursday, with Brent recording minor gains as some European countries decided to loosen up coronavirus restrictions. Hence, Brent crude rose by 13 cents, or 0.5%, to settle at $27.82 a barrel. U.S. WTI crude was unchanged at $19.87 a barrel, marking the second straight day at its lowest level since February 2002.
read more... 17/04/2020
Daily (16.04.2020) Brent crude hit an 18-year low on Wednesday, due to the biggest weekly rise in the U.S crude stocks
Oil futures posted losses on Wednesday, fluctuating around 18-year lows, due to the biggest weekly surge ever in the U.S. crude inventories (19 million barrels). The coronavirus pandemic also put pressure on prices, as global demand is expected to fall to quarterly-century lows. As a result, Brent crude dropped by 6.5% to $27.69 a barrel. WTI futures traded 1.2% lower at $19.87 a barrel.
read more... 16/04/2020
Daily (15.04.2020): WTI crude lost 10.3% on Tuesday due to weak global demand
Crude oil futures decreased sharply on Tuesday as weak demand and supply glut eclipsed the support from an agreement over the weekend by major oil producers to curb output. Consequently, Brent crude for June delivery fell by $2.14, or 6.7%, to settle at $29.60 a barrel. U.S. WTI crude plunged by $2.30 or 10.3%, to close at $20.11 a barrel.
read more... 15/04/2020