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Daily (16.03.2019): Brent oil traded near 2% higher on Friday, as U.S commits to support weakening economies affected by coronavirus
Crude oil prices recovered on Friday, as the United States and other nations signaled plans to support weakening economies. Brent crude traded 1.9% higher at $33.85 a barrel. In the same context, WTI futures rose by 0.7% to $33.85 a barrel. However, crude prices posted their worst week since the 2008 global financial crisis after the coronavirus epidemics weighed on the global economy. Furthermore, Saudi Arabia and Russia initiated an oil price war.
read more... 16/03/2020
Russia's Power of Siberia pipeline closed for maintenance
Russian gas producer Gazprom said on Monday the Power of Siberia gas pipeline had been closed for routine maintenance until April 1.
read more... 16/03/2020
Russia has potential to produce 160 mln T of LNG a year -Novatek CEO
Russia has the potential to produce 160 million tonnes of liquefied natural gas (LNG) a year, the chief executive of independent gas producer Novatek , Leonid Mikhelson, said on Wednesday.
read more... 16/03/2020
TenneT to invest up to €5bn a year
Dutch/German transmission system operator TenneT expects to increase its investment level to €4bn to €5bn annually in the coming years, as a result of the phase out of coal and nuclear power plants and the growth of offshore wind energy.
read more... 16/03/2020
Daily (13.03.2020): Travel restrictions due to the coronavirus pandemic sent Brent crude to $33.22 a barrel and EUAs below the 23-euro level
Crude oil futures ended sharply lower on Thursday after President Donald Trump imposed travel from Europe to the U.S. in an effort tackle the coronavirus pandemic.
read more... 13/03/2020