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Poland State Gas Distributor Says It Wins $1.5 Billion From Russia's Gazprom In Price Dispute

Poland’s largest distributor of natural gas has announced it won a years-long energy-supply price dispute with Russia’s state-run Gazprom worth $1.5 billion at an international arbitration court in Sweden.

read more... 31/03/2020


China buys record volume of Russian oil as European demand dives: traders

China is buying a record 1.6 million tonnes of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia’s flagship Urals grade combined with a collapse in demand in Europe, traders said on Wednesday.

read more... 26/03/2020


Russia Moves In On European Gas Markets As Oil Prices Crash

Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe. Russia’s gas giant Gazprom, the single largest supplier of natural gas to Europe, has watched with apprehension the growing volumes of liquefied natural gas (LNG) from the United States that have arrived on European shores over the past two years.

read more... 24/03/2020


Daily (23.03.2020): Carbon prices dropped by over 26% on a weekly basis on Friday, due to increased coronavirus concerns

Crude oil futures extended losses on Friday, being on track for their biggest weekly decline in 12 years, on worries about the coronavirus pandemics that slowed down global economies and curbed oil demand. The failure of coordinated output cuts by producers from the OPEC and others including Russia, also put pressure on prices. Hence, Brent crude plunged by 5.2%, to settle at $26.98 a barrel. At the same time, WTI futures tumbled by 10.3% to $22.63 a barrel.

read more... 23/03/2020


Daily (20.03.2020): Oil prices regained ground on Thursday after significant declines, supported by stimulus measures

Crude oil futures rebounded on Thursday, buoyed by supportive measures from centrals banks and governments to combat the economic fallout from the coronavirus pandemic .Moreover, Trump administration reportedly said it may intervene in the oil-price war between Saudi Arabia and Russia. However, analysts consider the climb more symbolic, rather than a clear signal that prices are ready for a sustained rebound.

read more... 20/03/2020