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Daily (20.04.2021): Supply concerns due to high Asian LNG prices and bullish oil lifted British gas prices on Monday
Crude oil markets moved sideways on Monday, but a weaker U.S. Dollar offered some bullish support. However, the gains were capped by the resurgence of the pandemic in India and negotiations likely to lead to a relaxation of economic sanctions against Iran. Hence, Brent crude rose by 0.4% to settle at $67.05 a barrel. U.S. WTI crude closed at $63.38 a barrel, posting equally a 0.4% gain.
read more... 20/04/2021
Great Britain’s pipeline for renewable and battery projects skyrockets to 86GW
An 86GW pipeline for renewable energy and storage projects across England, Scotland and Wales is waiting to go live.
read more... 19/04/2021
Daily (13.04.2021): British gas prices rose on Monday amid cold weather, tight supply and bullish energy complex
Oil prices continued to fluctuate in a narrow range on Monday, spurred by signs that demand is recovering in key markets like India and the United States. Moreover, reports that Yemen's Iran-backed Houthi rebels attacked a Saudi oil facility, lifted tensions in the oil-rich Middle East. Hence, Brent crude added 0.5% to settle at $63.28 a barrel. U.S. WTI crude rose by 0.6% to end at $ 59.70 a barrel.
read more... 13/04/2021
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Russia Tightens Its Grip On Europe's Natural Gas Markets
A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest and most important neighbor: the Russian Federation. Current relations are the worst since the end of the Cold War. Despite the often rocky interaction, the European and Russian economies are highly complementary. This has led to a level of dependence that has become a problem for certain countries.
read more... 13/04/2021
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Exxon mulls closure of Norway's Slagen refinery as region's clean fuel shift continues
ExxonMobil is considering closing its 116,000 b/d Slagen refinery in Norway to convert the site into a fuel import terminal, the company said April 8, marking a potential further casualty of Europe's surplus refining capacity as the region's fuel demand shrinks and competition from new markets continues to grow.
read more... 12/04/2021