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Covid-19 to curb EU power prices to 2022 – study

A recession owing to the coronavirus pandemic is likely to supress European power prices for at least the next two years and risks stalling clean energy investments, Aurora Energy Research said on Wednesday.

read more... 23/04/2020

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Oil rout continues as Brent falls to lowest since 1999

International oil prices plunged to the lowest level in more than two decades early on Wednesday amid a continued sell-off on fears of oversupply and the economic impact from the coronavirus pandemic.

read more... 22/04/2020

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GAS – Prices slump to fresh multi-year lows

European gas contracts slumped to fresh multi-year lows on Monday as the market continued to be heavily oversupplied with the coronavirus pandemic compounding a global glut amid a lack of industrial demand.

read more... 21/04/2020

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Daily (21.04.2020): Black Monday for WTI crude as it plunged into a negative territory for the first time in history

Crude oil prices plummeted on Monday, with WTI crude tumbling below $0 for the first time in history, a fall amplified by the imminent expiration of the May U.S. oil futures contract which prompted investors to get rid of it at any cost.

read more... 21/04/2020

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Daily (16.04.2020) Brent crude hit an 18-year low on Wednesday, due to the biggest weekly rise in the U.S crude stocks

Oil futures posted losses on Wednesday, fluctuating around 18-year lows, due to the biggest weekly surge ever in the U.S. crude inventories (19 million barrels). The coronavirus pandemic also put pressure on prices, as global demand is expected to fall to quarterly-century lows. As a result, Brent crude dropped by 6.5% to $27.69 a barrel. WTI futures traded 1.2% lower at $19.87 a barrel.

read more... 16/04/2020

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