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Daily (22.04.2020): Brent crude plummeted by 24% on Tuesday, the largest drop since 1991

Crude oil futures prolonged their collapse on Tuesday, as the global coronavirus crisis continues to severely reduce demand for crude, intensifying the supply glut.

read more... 22/04/2020

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Daily (15.04.2020): WTI crude lost 10.3% on Tuesday due to weak global demand

Crude oil futures decreased sharply on Tuesday as weak demand and supply glut eclipsed the support from an agreement over the weekend by major oil producers to curb output. Consequently, Brent crude for June delivery fell by $2.14, or 6.7%, to settle at $29.60 a barrel. U.S. WTI crude plunged by $2.30 or 10.3%, to close at $20.11 a barrel.

read more... 15/04/2020

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Daily (09.04.2020): WTI crude jumps by over 6% on Wednesday, due to a potential supply cut agreement between OPEC and its allies.

Crude oil prices added ground on Wednesday, due to a potential supply cut deal this week between OPEC and its allies including Russia. Consequently, Brent crude rose by 3% to $32.84 a barrel. The news that U.S oil output was declining without government’s intervention also supported oil prices. As a result, WTI futures jumped by 6.2% to $25.09 a barrel.

read more... 09/04/2020

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Annual turbine spend to reach $60bn by 2028

Annual average wind turbine supply is forecast to hit $60 billion between 2020 and 2028 – reflecting an increase of 8% compared to 2019, according to new data.

read more... 08/04/2020

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Daily (07.04.2020): European year-ahead power prices soared on Monday due to an aggressive increase in carbon prices

Oil prices started the week on a back foot after a postponement to Thursday of a meeting between OPEC and its allies aimed at reducing the excess supply of black gold on the world market. Hence, Brent crude for June delivery fell by $1.06, or 3.1%, to settle at $33.05 a barrel on ICE London. Meanwhile, U.S. WTI crude decreased by 2.26, or 8%, to end at $26.08 on NYMEX. The two benchmarks saw a recovery last Thursday and Friday due to signals of new production cuts sent by Russia and Saudi Arabia.

read more... 07/04/2020

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