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Daily (02.11.2020): NBP spot plunged by over 9% on Friday amid healthy supply, weaker demand and falling commodities
Oil prices ended in a bearish mood on Friday, concluding the worst week in five months, weighed by sluggish demand and lack of response from major producing countries. A barrel of Brent for December delivery was 0.5%, or 19 cents, down at $37.46, while WTI crude fell 1.1%, or 38 cents, to $35.79 a barrel.
read more... 02/11/2020
European Energy wins approval for giant solar farm in Denmark
It is expected to be the biggest solar farm to date in northern Europe
read more... 02/11/2020
Germany's RWE aims to offer hedging products for Japan power companies
RWE is hoping to profit as Japan has opened up one of the world's biggest energy markets to competition and as electricity trading activity by power companies is on the rise in the country
read more... 02/11/2020
U.S. drillers add most oil and gas rigs in a month since May 2018
The oil and gas rig count, an early indicator of future output, rose for the ninth straight week, growing by nine to 296 in the week to Oct. 30, energy services firm Baker Hughes Co said
read more... 02/11/2020
Daily (30.10.2020): Oil prices sunk to multi-month lows on Thursday as renewed lockdowns in Europe raised fears of demand deterioration
Crude oil futures tumbled to multi-month lows on Thursday amid mounting COVID-19 cases that resulted in tighter restrictions in Europe, slashing consumption for the black gold. Hence, Brent crude shed by $1.47, or 3.8%, to settle at $37.65 per barrel, the lowest level since May 29. At the same time, U.S. WTI crude fell by $1.22, or 3.3%, to settle at $36.17 a barrel, touching the weakest level since June 1.
read more... 30/10/2020