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Daily (28.03.2019): WTI futures declined by nearly 1% after unexpectedly higher U.S. crude stockpiles data
Crude oil prices lost ground on Wednesday, following EIA data which showed higher-than-anticipated crude inventories in the U.S. last week due to hampered crude cargoes traffic along the Houston Ship Channel and slower refining operations. The fall in prices was nevertheless limited by OPEC’s supply cuts and the disruption in Venezuelan exports caused by the second massive power blackout this month. Brent crude traded 0.2% down at $67.83 a barrel, while WTI futures lost 0.9 % to end at $59.41 a barrel.
read more... 28/03/2019
Czech Republic's CEZ to close over 1 GW of coal plant by mid-2020
CEZ is to close just over 1 GW of coal-fired capacity by mid-2020, the Czech generator confirmed Wednesday.
read more... 28/03/2019
Belgium expecting two Qatari LNG cargoes in early April
The Fluxys-operated Zeebrugge liquefied natural gas terminal in Belgium is scheduled to receive two cargoes of the chilled fuel from Qatar.
read more... 28/03/2019
SolTech Energy agrees to add 500 MW of solar in China over 5 years
SolTech Energy Sweden AB has entered into a cooperation agreement that calls for the company to build solar power plants with a combined capacity of 500 MW in China’s Jiangsu Province over a period of five years.
read more... 28/03/2019
Daily (27.03.2019): European power prices surged by over 2% due to a bullish energy complex
Tuesday saw a steep rise in oil prices on Tuesday, on the back of OPEC-led output cuts and expectations for a decline in U.S. inventories ahead of weekly API data, which offset worries about a global economic slowdown. Moreover, the second power cut in Venezuela this month also boosted prices. WTI futures traded 1.9 % up at $59.94 a barrel, while Brent crude added 1.1% to close at $67.97 a barrel.
read more... 27/03/2019