Latest news

Daily (26.03.2019): Carbon prices recovered by 4% on Wednesday, as U.S intends to launch a massive financial stimulus to support economy

Crude oil prices added slight ground on Wednesday, as the United States may vote on a $2 trillion stimulus package to support the economy due to the coronavirus pandemic. Brent crude traded 0.9% higher at $27.39 a barrel. In the same context, WTI futures rose by 2% to $24.49 a barrel.

read more... 26/03/2020

news

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

news

Equinor slashes investment, spending in $3 billion coronavirus package

Norwegian oil firm Equinor will cut investments, exploration drilling and operating costs as part of a $3 billion plan to help the company weather the coronavirus crisis and low oil prices, it said on Wednesday.

read more... 25/03/2020

news

Daily (24.03.2020): NBP spot fell by 7% amid weak demand and supply glut

Crude oil prices ended higher in a volatile session on Monday, after Fed announced extensive new measures to support the economy crippled by the coronavirus. Moreover,the U.S. indicated the possibility of an alliance with Saudi Arabia to stabilize prices. However, the sentiment remains bearish on worries about economic recession.

read more... 24/03/2020

news

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

news