(07.09.2017): Weekly Energy Market Review at a Glance

08/09/2017 11:40 Energy Market

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Here's a quick snapshot of the main energy indicators in the last 7 days.

 

 

BRENT M+1: 52.34 $/bbl

The oil price rose, influenced by the end of the Hurricane Harvey as the demand from the U.S refineries increased.

 

Outlook: A decline towards the support level of 51.34 $/bbl, followed by another test of the resistance line of 52.72 $/bbl.

 

GAS TTF Y+1: 16.35 €/MWh

The gas price rose after an unsuccessful attempt to pass below the support level of 16.15 €/MWh and stimulated also by the upward rally of the European power prices.

 

Outlook: A test of the resistance level of 16.45 €/MWh followed by a bearish correction. 

 

POWER GE Y+1: 33.60 €/MWh 

The price rose, following the bullish continuation of the coal market.

 

Outlook: A test of the resistance level of 34.25 €/MWh, followed by a bearish correction. 

 

 

 

Daily (17.07.2018): Brent crude price slumped by more than 4% on Monday, as Libyan ports relaunched

17/07/2018 12:01:00

Oil prices plummeted on Monday, as ports in Libya resumed their activity and traders count on a boost in supply from Russia and other producers. Brent crude tumbled by 4.6% to $71.84 a barrel, its lowest level since the middle of April. Meanwhile, WTI crude slumped by 4.2% to end at $68.06 a barrel.

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Ireland becomes world’s first nation to divest from fossil fuels

17/07/2018 09:53:00

Ireland has voted to become the first country in the world to divest from fossil fuels.

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Gazprom to commence development of Kharasaveyskoye field in 2019

17/07/2018 09:23:00

Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019.

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