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Daily (22.10.2020): Oil prices fell sharply on Wednesday due to increased gasoline stocks in the US and weak demand
Oil prices retreated on Wednesday weighed by an increase in gasoline stocks in the US and weak demand because of the second wave of the Covid-19 pandemic. Furthermore, Libyan oil return to the market also put pressure on prices. Brent crude traded 3.3% lower at $41.73 a barrel, while WTI oil dropped by 4% to close at $40.03 a barrel.
read more... 22/10/2020
Daily (19.10.2020): NBP spot reached a fresh 2020 high on Friday, due to low flows from Norway and increased demand
Crude oil prices edged lower on Friday ahead of the OPEC+ ministers’ meeting. Furthermore, doubts about demand and the worrying pace of COVID-19 pandemic also weighed on prices. Brent crude for December delivery slipped by 0.5% to settle at $42.93 a barrel, while WTI crude traded 0.2% lower at $40.88 a barrel.
read more... 19/10/2020
UK companies call on government to support nuclear in COVID recovery
Nuclear - including advanced and small modular reactors - can play a positive role in helping to rebuild the post-COVID economy while also helping combat climate change, Urenco and U-Battery Ltd have said in a submission to the UK Business, Energy and Industrial Strategy (BEIS) Select Committee inquiry on post-pandemic economic growth.
read more... 15/10/2020
Norway gas exports to Europe rise amid strike as other fields ramp up
European gas markets are currently well-supplied, with plenty of gas in storage. Prices are at seasonal lows due to the impact of mild winters, plentiful LNG supply and reduced energy demand during the coronavirus pandemic
read more... 07/10/2020
Daily (01.10.2020): UK forward gas prices fell by over 2% on Wednesday, amid rising Norwegian flows and weaker oil prices
Crude oil prices were almost flat on Wednesday on US financial stimulus hopes, and as global fuel demand concerns are still present amidst the coronavirus pandemics. As a result, the price for Brent crude decreased by 0.2% to $40.95 a barrel. Meanwhile, WTI futures added 2.4% closing at $40.22 due to an expected drop in US crude inventories.
read more... 01/10/2020