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Daily (18.11.2020): Oil prices little changed on Tuesday, as fears of more coronavirus restrictions cooled off enthusiasm of vaccine
Crude oil prices were little changed on Tuesday as optimism about a second promising coronavirus vaccine faded in the face of concerns about the immediate outlook for demand. However, the conclusion of Monday’s OPEC+ meeting, with the majority of the producer countries supporting an extension of the output cuts beyond January has failed to boost the market sentiment. Hence, Brent crude lost 0.2% to end at $43.75 a barrel. At the same time, U.S. WTI crude added 0.2% to settle at $41.43 a barrel.
read more... 18/11/2020
Daily (03.11.2020): Oil prices rebounded sharply on Monday as Russian producers may support OPEC extension of output cuts
Crude oil futures rebounded sharply on Monday after Russian oil producers declared that they may be willing to extend the OPEC+ oil output cut accord if current unsupportive market conditions persist. Hence, Brent crude surged by $1.51 or 4%, to close at $38.97 per barrel, while US benchmark WTI crude soared by $1.02 or 2.9% to settle at $36.81 a barrel.
read more... 03/11/2020
Norwegians Got Paid To Use Electricity As Prices Fall Below Zero
Electricity prices in parts of Norway fell below zero for the second time in history early on Monday, and residents in southern Norway ‘got paid’ for using electricity as power producers have to pay to sell electricity when prices are negative.
read more... 03/11/2020
Novatek completes Arctic LNG 2 fleet formation
Novatek, Russia’s largest independent natural gas producer, has signed long-term charter deals for six Arc7 ice-class LNG tankers.
read more... 29/10/2020
Siemens launches local power trading platform with German utility
Using blockchain technology to link participants via an app, it allows producers to earn money from marketing their excess production, the firms said, while distributing power locally represents a more efficient use of the grid
read more... 23/10/2020