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CO2 may plumb fresh lows this month on virus impact

The coronavirus pandemic is likely to maintain pressure on carbon prices in April, potentially sending them to fresh two-year lows as the world locks down communities to reverse the pace of infections.

read more... 02/04/2020

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Daily (31.03.2020): Oil prices plummeted to 18-year lows on Monday as demand suffers an unprecedented decline

Crude oil prices crashed to fresh 18-year lows on Monday as growing fears over the coronavirus pandemic eroded demand, while the Saudi Arabia-Russia price war threatened to overload the market. Brent crude collapsed by 8.7% to close at $22.76 a barrel, the lowest settlement since November 2002. Meanwhile, the U.S. WTI crude plunged by 6.6% to end at $20.09 a barrel.

read more... 31/03/2020

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Daily (30.03.2019): NBP spot tumbled by 21% on a weekly basis, as weak demand outweighed stimulus hopes

Crude oil prices extended losses on Friday, posting the fifth consecutive weekly decline, as governments’ financial stimulus to eliminate the coronavirus pandemic could not stop the decline in global demand. Brent crude dropped by 5.4% to $24.93 a barrel. WTI futures traded 4.8% down at $21.51 a barrel.

read more... 30/03/2020

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EU power prices could drop 40% on recession – Thema

Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year should efforts to curb the coronavirus cause a global recession, said Oslo-based consultancy Thema.

read more... 30/03/2020

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LNG suppliers flood market with excess spot cargoes as demand shrinks

Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.

read more... 30/03/2020

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