Crude prices edged higher on Wednesday, as hopes for a Covid-19 vaccine outweighed OPEC’s announcement to revise down its global oil demand outlook for 2020 and 2021. Hence, Brent oil ended 0.4% higher at $43.80 a barrel, while WTI crude saw a marginal increase of 0.2%, closing at $41.45 a barrel.
read more... 12/11/2020
Oil prices declined modestly on Thursday amid persisting concerns about the impact of the new COVID-19 restrictions over global demand and uncertain outcome of the U.S. presidential election. Hence, Brent crude lost 30 cents, or 0.7%, to settle at $40.93 a barrel. Meanwhile, U.S. WTI crude declined by 36 cents, or 0.9%, to end at $38.79 per barrel.
read more... 06/11/2020
The prices for crude oil decreased on Friday, following Libya's decision to boost its oil output. The price for Brent oil dropped by 1.6% to close at $41.77 a barrel, while WTI crude slumped by 1.9% to trade at $39.85 a barrel.
read more... 26/10/2020
German gas-fired generation has been largely up on the year as lower NCG gas prices and higher carbon costs supported deeper coal and lignite-to-gas fuel switching. But a recent increase in NCG gas prices has pushed up generating costs to price more gas-fired plants out of the market.
read more... 23/10/2020
French energy giant Total said it has delivered its first carbon-neutral liquefied natural gas (LNG) cargo.
read more... 21/10/2020