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China natural gas demand to grow by over 80% by 2030: Sinopec

State-owned Sinopec expects China's natural gas demand to increase by 82% to 510 Bcm in 2030, from 280 Bcm in 2018, driven by continued industrial upgrading and urbanization.

read more... 24/10/2019

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Daily (24.10.2019): EU carbon prices plunged by 3.5% on Wednesday, amidst Brexit concerns and a bearish energy market

Crude oil prices extended gains on Wednesday, following a drop in U.S. crude inventories and due to OPEC’s intention to deepen supply cuts. However, slowing global demand might limit the rise. Hence, Brent crude surged by 2.5% to 61.17 a barrel, while WTI futures climbed by 2.7% to end at $55.97 a barrel.

read more... 24/10/2019

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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

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Daily (18.10.2019): EUAs nearly 1% off a fresh three-week high on Thursday, amid growing uncertainty over the fate of the new Brexit deal

Crude oil prices extended gains on Thursday after data pointed at a fall in the U.S. fuel stocks. Higher freight rates from Chinese shipping firm COSCO coupled with news about a new Brexit deal agreed between the UK and the EU also supported prices. Still, gains were capped by demand concerns in the wake of a larger-than-forecasted build in the U.S crude inventories and a string of poor economic data. Consequently, Brent crude inched up by 0.8% at 59.91 USD/bbl, while WTI futures added 1.1% to end at 53.93 USD/bbl.

read more... 18/10/2019

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Daily (17.10.2019): NBP spot slumped by over 8% on Wednesday amid firmer Norwegian exports and lower gas-for-power demand

Speculations about a potential extension of crude supply cuts by OPEC and its allies as of December led to a recovery in crude oil prices on Wednesday. The greenback’s slide coupled with short covering in anticipation of an industry report on U.S. crude inventories also contributed to the market rally. Still, concerns over tighter crude demand and expectations for higher crude stocks in the U.S. limited gains. Against that backdrop, Brent crude rose by 1.2% to 59.42 USD/bbl, while WTI futures advanced by 1% to 53.36 USD/bbl.

read more... 17/10/2019

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