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Daily (18.05.2020): Brent crude gained 5% and WTI 19% for the week, driven by a mix of bullish news
Crude oil futures climbed on Friday, as worldwide countries eased travel restrictions and following the release of better than expected Chinese industrial production data, indicating a recovery in oil demand. Hence, Brent crude settled up $1.37, or 4.4% a barrel at $32.50, while the U.S. WTI crude soared by $1.87, or 6.8%, to close at $29.43 a barrel. Both contracts posted gains for the third consecutive week.
read more... 18/05/2020
Vestas to supply 11 wind turbines to Dutch wind energy project
The turbines could generate as much power as the annual consumption of 60,000 Dutch households.
read more... 18/05/2020
Poland prepares a new blow to Russian gas supplies to Europe
Russian gas giant Gazprom continues to face problems in the European gas market, where demand and prices have collapsed and volume of gas in storage has reached a historic record, repots finanz.ru.
read more... 15/05/2020
Daily (15.05.2020): Crude oil prices rebounded on Thursday amid a less pessimistic oil supply picture unveiled by IEA
Crude oil futures surged on Thursday after the IEA unveiled a tightening supply picture in the second half of 2020. Moreover, an unexpected drop in U.S. crude stocks also lent support to prices. Hence, Brent crude soared by $1.94, or 6.7%, to settle at $31.13 a barrel, while the U.S. WTI crude rallied by $2.27, or 9%, to end at $27.56 a barrel.
read more... 15/05/2020
Lithuania eyes 700MW offshore wind zone that could meet 25% of its power needs
Lithuania’s energy ministry has submitted a government decree for public consultation on the location of a 700MW wind array off its coast that could provide up to a quarter of the small Baltic nation’s electricity needs.
read more... 15/05/2020