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Daily (09.12.2019): Brent posts a 3.1% weekly gain following OPEC decision to reduce output target
Crude oil prices soared on Friday as OPEC+ agreed in Vienna to extend output cuts by 500,000 barrels per day in early 2020. Consequently, Brent crude rallied by $1, or 1.6%, to settle at $64.39. It recorded a weekly hike of 3.1%. U.S. WTI crude rose by 77 cents, or 1.3%, to $59.20 per barrel. For the week, WTI jumped 7.3%, after a 4% rise reached on Wednesday after data indicated sharp declines in U.S. crude inventories.
read more... 09/12/2019
Daily (29.11.2019): French spot power price up 18% on Thursday on less nuclear availability and stronger demand
Crude oil prices diverged on Thursday, with WTI edging higher on intensified tensions between the US and China after President Donald Trump signed a bill backing protesters in Hong Kong. Despite a higher-than-expected rise in crude and gasoline inventories and a record peak in US production, WTI rose by 0.2% to settle at $58.25 a barrel. However, its European equivalent, Brent crude ended 0.3% down at $63.87 a barrel, extending losses hit in the previous session.
read more... 29/11/2019
Daily (28.11.2019): EUAs jumped by almost 3% on greater climate ambitions promised by the European Commission
Oil prices slipped on Wednesday as reports showed an unexpected increase in U.S. inventories, and record high gasoline production. Consequently, Brent crude closed the session at $64.06 a barrel, down 21 cents or 0.3% day on day. The WTI contract lost 3 cents, or 0.5%, to $58.11 per barrel.
read more... 28/11/2019
Britain’s Grain LNG terminal sets European record for gas exports
Britain’s Grain liquefied natural gas (LNG) terminal exported the highest ever daily amount of gas from a European terminal to the UK grid this week.
read more... 18/11/2019
Poland's cleaner power imports pile pressure on coal energy
Poland is on track to import a record amount of electricity this year as power traders buy cheaper and cleaner electricity from neighboring countries, reducing demand for the mostly coal-fired energy produced by state-run utilities.
read more... 21/10/2019