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Daily (16.09.2020): Oil prices ended higher on Tuesday as Hurricane Sally disrupted Gulf of Mexico energy production
Crude oil futures rebounded on Tuesday, buoyed by rising Chinese industrial production and Hurricane Sally which curbed the supply in the Gulf of Mexico. However, bearish forecasts for the energy demand released by the IEA helped to limit the upside for oil prices. Hence, Brent crude for November delivery soared by 92 cents, or 2.3%, to settle at $40.53 a barrel. Meanwhile, U.S. WTI crude for October delivery climbed by $1.02, or 2.7%, to settle at $38.28 a barrel. Both contracts fell on Monday.
read more... 16/09/2020
Daily (11.08.2020): Oil prices started the week on a front foot amid Saudi Aramco's demand optimism, upbeat Chinese economic data
Crude oil futures were on the front foot at the beginning of the week, driven by optimistic remarks about demand from the CEO of the world's largest oil company, Aramco and positive economic data from China. In this context, Brent crude for October delivery rose by 59 cents, or 1.3%, to settle at $44.99 a barrel on ICE Futures Europe. At the same time, U.S. WTI crude for September delivery soared by 72 cents, or 1.8%, to close at $41.94 a barrel on the New York Mercantile Exchange.
read more... 11/08/2020
BP signs gas supply agreement with Chinese ENN
BP will provide ENN with 300,000 tonnes per year of pipeline gas re-gasified from LNG for two years from Jan. 2021
read more... 22/07/2020
UK firms break into Chinese renewable energy market
Eight UK organisations have signed new agreements to develop and provide renewable energy technologies, services and research in China.
read more... 10/06/2020
Daily (18.05.2020): Brent crude gained 5% and WTI 19% for the week, driven by a mix of bullish news
Crude oil futures climbed on Friday, as worldwide countries eased travel restrictions and following the release of better than expected Chinese industrial production data, indicating a recovery in oil demand. Hence, Brent crude settled up $1.37, or 4.4% a barrel at $32.50, while the U.S. WTI crude soared by $1.87, or 6.8%, to close at $29.43 a barrel. Both contracts posted gains for the third consecutive week.
read more... 18/05/2020