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Daily (15.04.2021): Oil prices gained nearly 5% on Wednesday amid a sharp decline in US crude reserves and positive demand data
Crude oil prices surged on Wednesday, as the EIA weekly report showed a significant decline in US crude inventories. Moreover, encouraging demand data shared by the OPEC and IEA also lent support to prices. As such, Brent oil soared by 4.6% to $66.58 a barrel, while WTI crude jumped 4.9% to $63.15 a barrel.
read more... 15/04/2021
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Office for Nuclear Regulation greenlights restart of EDF’s reactors
The Office for Nuclear Regulation (ONR) has allowed EDF to return its two reactors at Hunterston B in Scotland to service for a limited period of operation.
read more... 15/04/2021
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Russia aims to boost oil exports before reaching output peak in 2027-2029
Russia's revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the government April 22.
read more... 15/04/2021
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Electricity North West unveils £2bn investment plan
Electricity North West has set out a draft plan to invest almost £2 billion in the region’s power network before 2028.
read more... 15/04/2021
Daily (14.04.2021): Oil prices extended gains on Tuesday amid signs of demand recovery
Oil prices continued to move in a narrow range on Tuesday after OPEC boosted its expectation for this year’s demand recovery and amid strong demand data from China. However, the upside was limited after Johnson & Johnson’s vaccine deployment has been paused due to concerns over 6 patients (out of 6.8 million) developing rare blood clots. Hence, Brent crude rose by 0.6% to settle at $63.67 a barrel. U.S. WTI crude increased by 0.8% to $60.18 a barrel.
read more... 14/04/2021