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Cheniere receives LNG cargo cancellation for February from Italy's Enel
Italian utility Enel canceled an LNG cargo for February delivery from Cheniere Energy, which operates two liquefaction terminals and is the biggest exporter in the US, market sources said Dec. 21.
read more... 22/12/2020
Daily (16.12.2020): EUAs extended record high on Tuesday in tandem with a bullish energy complex
Crude oil prices continued to gain ground on Tuesday, boosted by progress on vaccine rollout that helped ease market concerns over a spiral virus outbreak. Hopes for a new stimulus package in the United States added further support to oil prices. Hence, Brent crude for February delivery rose by 47 cents, or 0.9%, to close at $50.76 per barrel. Meanwhile, U.S. WTI crude for January delivery increased by 63 cent, or 1.3%, to settle at $47.62 a barrel. Both contracts posted their highest levels in nine months.
read more... 16/12/2020
Daily (15.12.2020): Oil prices hit their highest levels in nine-months on Monday amid vaccine rollout
Crude oil futures gained ground on Monday despite OPEC cutting its forecast for 2021 growth in oil demand, with traders focusing over the start of the coronavirus vaccine campaign in the United States. Hence, Brent crude for February delivery rose by 32 cents, or 0.6%, to settle at $50.29 a barrel. Meanwhile, U.S. WTI crude for January delivery increased by 42 cents, or 0.9%, to end at $46.99 a barrel. Both contracts climbed to their highest level in nine months.
read more... 15/12/2020
Daily (11.12.2020): Brent crude tops $50 for the first time since March amid vaccine optimism
Oil prices surged on Thursday, with Brent crude surpassing $50 a barrel for the first time since March as optimism surrounding Covid-19 vaccine progress lifted the outlook for consumption. Moreover, the oil market was spurred by reports suggesting Chinese demand is exceeding pre-Covid levels. Hence, Brent crude for February delivery rose by $1.39, or 2.8%, to settle at $50.25 a barrel. Meanwhile, U.S. WTI crude for January delivery soared by $1.26, or 2.8%, to close at $46.78 a barrel. Both contracts marked their highest settlements since March 4.
read more... 11/12/2020
Daily (07.12.2020): An agreement at the OPEC+ summit boosted oil prices on Friday
The positive conclusion of the OPEC+ summit and the decision of its members to increase production gradually over the course of 2021, lent support to crude oil prices, sending them higher on Friday. As such, Brent crude for February delivery edged 1.1% higher at $49.25 a barrel, while WTI oil ended 1.4% up at $46.26 a barrel.
read more... 07/12/2020