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Re-balancing of Europe's gas, power markets seen unlikely in Q4
A rapid re-balancing of the European gas market looks an unlikely prospect in Q4 2021 as prices continued to reach fresh record highs deep into September.
read more... 01/10/2021
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Lithuania expects delayed Polish gas link to integrate markets
A pipeline designed to connect the gas grids of Lithuania, Estonia, Latvia and Finland to continental Europe will begin operating in the second half of 2022 after a delay of almost a year, the Lithuanian energy minister told Reuters.
read more... 30/09/2021
Daily (21.09.2021): European power curve surged on Monday as gas rally shows no let-up
Crude oil prices retreated on Monday amid concerns over slowing economic growth in China, highlighted by a debt crisis faced by property developer Evergrande. Moreover, investors grew more risk averse, which hurt stock markets and spurred the U.S. dollar, making oil more expensive for holders of other currencies. Hence, Brent crude fell by $1.42, or 1.9%, to settle at $73.92 a barrel. U.S. WTI crude declined by $1.68, or 2.3%, to end at $70.29 a barrel.
read more... 21/09/2021
Daily (20.09.2021): Gas markets surged on Friday, as Gazprom books no addition transit capacity via Ukraine next week
Oil prices retreated on Friday, pressured by a stronger US dollar and the gradual recovery of production facilities in the Gulf of Mexico. As such, Brent oil slipped by 0.4% at $75.34 a barrel and WTI crude ended 0.9% lower at $71.97 a barrel.
read more... 20/09/2021
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