Latest news
Daily (23.12.2020): NBP near-term prices strongly bullish on Tuesday amid forecasts for colder weather and less wind
Crude oil prices ended lower again on Tuesday, weighed by investors’ fears on a possible decrease in global demand due to the new strain of coronavirus. Consequently, Brent crude weakened by 1.6% to $50.08 a barrel, while WTI oil lost 2% to close at $47.02 a barrel.
read more... 23/12/2020
Russia Backs Another 500,000 Bpd Oil Production Increase
Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000 bpd increase in the alliance’s oil production from February, Bloomberg reported on Monday, citing officials with knowledge of the Russian oil policy.
read more... 22/12/2020
UK electricity balancing costs surge to GBP200 million in November
UK system balancing costs rose 33% on month in November as constraint costs ballooned, National Grid data showed Dec. 15.
read more... 16/12/2020
UK includes new nuclear in 'green industrial revolution'
UK Prime Minister Boris Johnson has unveiled a 10-point plan that he says can be "a global template" for delivering net-zero emissions. Point 3 of the plan is the government's commitment to develop new nuclear power, from large-scale to small and advanced modular reactors. This includes investment of GBP525 million (USD696 million) for "the next generation of small and advanced reactors".
read more... 19/11/2020
Daily (16.11.2020): NBP spot increased by 3% on Friday due to continued outage at a Norwegian gas field
Oil prices were bearish on Friday, as reports showed a decrease in global demand for black gold. Consequently, Brent crude ended at $42.78 a barrel, or 1.7% down from Thursday’s close, while WTI oil dropped by 2.4% to $40.13 a barrel.
read more... 16/11/2020