Latest news

Daily (02.06.2020): The British spot gas dived by 5.6% on Monday after the resumption of Russian flows

Crude oil futures diverged on Monday, with Brent crude for August delivery surging by 8.5% to close at $38.32 a barrel amid hopes that OPEC+ producers will meet this week, earlier than previously planned, to discuss about a further extension of output cuts. Meanwhile, U.S. WTI crude was rather stable at $35.49 a barrel, but under the effect of increasingly hostile relations between the United States and China.

read more... 02/06/2020

news

Daily (29.05.2020): UK gas prices plunged to historical lows due to oversupply and weak demand

Crude oil futures turned higher on Thursday, shrugging off an unexpected rise in U.S. crude stockpiles as traders focused on falling gasoline stocks and a further decline in crude stored at the New York Mercantile Exchange’s delivery hub in Cushing, Oklahoma. Moreover, expectations for further oil outputs cuts by Russia starting from July added to the upbeat sentiment.

read more... 29/05/2020

news

Daily (28.05.2020): After previous gains, energy markets turned bearish again on Wednesday

Oil prices turned bearish on Wednesday as tensions between China and the United States intensified, following the statements of the American president about a firm response to China’s proposed security law in Hong Kong. Moreover, some traders treated with suspicion Russia’s commitment to deep production cuts.

read more... 28/05/2020

news

Yamal-Europe pipeline gas flows dive

Deliveries along the Yamal-Europe pipeline dropped sharply on 24-25 May and were nominated even lower today, likely driven by weaker European demand for Russian gas.

read more... 27/05/2020

news

Russian state holding gives up control of Rosneft after Venezuela exit

Russia’s state holding company Rosneftegaz has relinquished its controlling stake in the country’s largest oil producer, Rosneft, Rosneft said on Friday, after Rosneft’s exit from Venezuela.

read more... 25/05/2020

news