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LNG oversupply will last until mid-2020s
Liquefied Natural Gas (LNG) oversupply will continue until the mid-2020s, according to a new survey from Aurora Energy, which states this is likely to reduce the value of contracts in the market as LNG reaches the bottom of its boom-bust cycle.
read more... 23/01/2017
Daily (19.01.2017): Crude oil prices down on a stronger dollar and expectations that US producers would raise output
Oil prices decreased on Wednesday to their lowest level in a week, due to a strong dollar and prospects that U.S. producers would increase production, at the same time as OPEC's output was down from a record high. Brent has ended the session at $53.92 per barrel, down $1.55 or 2.79 percent, while U.S. crude settled at $51.08, down $1.40, or 2.67 percent. Before the settlement, both contracts dropped to their lowest level in a week.
read more... 19/01/2017
Daily (17.02.2017): European spot power contracts surge to their highest levels since November 2008
Crude oil prices ended the Monday’s trade higher as Saudi Arabia's commitments to cutting production offset a report forecasting U.S. output would again increase this year. Benchmark Brent crude oil for March delivery rose by 41 cents a barrel, or 0.7 percent, to end at $55.86 and U.S. West Texas Intermediate crude added 27 cents, or 0.5 percent, to settle at $52.64 a barrel.
read more... 17/01/2017
Gazprom set to regain its share in Lithuania’s gas market in 2017
In the last days of 2016, the biggest Lithuanian gas buyers inked contracts with Russian giant Gazprom which is expected to surpass Norway’s Statoil in terms of the bulk of the country’s gas needs for 2017.
read more... 04/01/2017
Daily (30.12.2016): Crude oil prices tumble after a surprise build in U.S. crude stockpiles
Crude oil futures tumbled on Thursday after an unexpected increase in U.S. crude stockpiles reversed gains in prices that drove contracts to their highest levels since July last year.
read more... 30/12/2016