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Daily (03.04.2020): Brent and WTI surged by 21% and 25% respectively on Thursday as Trump signalled the price war might end soon
Crude oil futures increased considerably on Thursday, posting their biggest spike in a single session following a message from Donald Trump promising a reduction in Russian and Saudi production to rebalance the black gold market devastated by the covid-19 pandemic. At the same time, Saudi Arabia called for an urgent meeting of the OPEC and other countries, including Russia, to re-establish a balance in the oil markets.
read more... 03/04/2020
Daily (02.04.2019): British gas prices near 2009 lows on Wednesday, due to weak demand
Crude oil prices were bearish on Wednesday, weighed by a steep rise in U.S. crude inventories last week, the biggest weekly rise since 2016, while gasoline demand continued to decline. Consequently, Brent crude for June delivery traded 6.1% lower at $24.74 a barrel. Similarly, WTI futures slid by 0.8% to $20.30 a barrel.
read more... 02/04/2020
Germany 'closes in' on 2020 renewables goal
Germany is likely to achieve its binding EU renewable target for 2020, according to the latest figures from the country's federal environment agency.
read more... 02/04/2020
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
Arctic gas finds new way from Yamal to China
Gazprom leader Aleksey Miller in last Friday’s meeting with President Vladimir Putin confirmed that the building of new east-bound natural gas infrastructure now is high on the company’s agenda.
read more... 02/04/2020