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Daily (06.05.2020): U.S. WTI crude rallied by 20.5% on Tuesday amid hopes of improving demand
Crude oil futures continued to gain ground on Tuesday as some European and Asian countries along with several U.S. states started to ease coronavirus-related lockdown measures, increasing optimism for a bounce in fuel consumption.
read more... 06/05/2020
SSE seeks govt nod for 150-MW wind farm in Scotland
SSE Generation Ltd, part of UK utility SSE Plc (LON:SSE), is seeking permission to install an over 150-MW wind farm near Fort Augustus, in the Scottish Highlands, an official document shows.
read more... 05/05/2020
Carbon rebounds from 1-month low
Carbon prices on Monday afternoon rebounded from one-month lows touched in early trading amid some supportive technical signals and despite gas prices falling to new lows.
read more... 05/05/2020
Russia’s Gazprom Moves Forward With New Mega Pipeline
The Russian gas export monopoly Gazprom has hit the wall with new European projects – Nord Stream 2 will be finished at some point in the second half of 2021, the exact route of TurkStream’s second line remains veiled in ambiguity and no other major gas importer voiced their interest in carrying out a new project.
read more... 05/05/2020
Daily (05.05.2020): British gas prices firmed on Monday amid a short system, higher exports and bullish oil markets
Crude oil futures edged higher on Monday as more countries unveiled they would begin easing coronavirus lockdowns and after the production quotas for the main oil exporting countries entered into force at the end of last week. Hence, Brent crude for July delivery soared by 76 cents, or 2.9%, to settle at $27.20 a barrel. At the same time, U.S. WTI crude surged by 61 cents, or 3%, to settle at $20.39 a barrel.
read more... 05/05/2020