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'Power of Siberia' Pipeline Begins Flow to China
China has started to consume Russian gas via the newly launched "Power of Siberia" pipeline, said CNPC-backed Kunlun Energy Ltd, operator of the pipeline in China, on Wednesday.
read more... 23/01/2020
Daily (16.01.2020): British spot gas down 1.9% on robust wind output, healthy flows from Norway
Oil prices declined slightly on Wednesday after the release of a report showing a sharp increase in refined products in the United States and a rally in black gold production to a record level. However, the losses were curtailed by the signature of the Phase 1 U.S.-China trade agreement.
read more... 16/01/2020
Daily (20.12.2019): NBP spot gas soars 6% on Thursday due to weak flows from Norway and LNG deliveries
Crude oil futures hit a fresh three-month high on Thursday, spurred by a mix of factors: falling U.S. crude stockpiles, soothing U.S.-China trade conflict and OPEC+ output cuts. Brent crude for February delivery rose by 37 cents, or 0.6%, to settle a t $66.54 a barrel, increasing for the sixth consecutive day.
read more... 20/12/2019
Daily (04.11.2019): NBP spot surged by 25.5% on Friday due to lower Norwegian flows and an expected spike in heating demand
Crude oil prices posted robust gains on Friday, stimulated by higher-than-expected U.S. employment data in October and optimism that Chinese factory activity expanded at the fastest rate since 2017. On trade talks side, the U.S. and China are moving closer towards a Phase One trade deal, which might be signed this month. That bullish background sent WTI futures 3.7% up at $56.20 a barrel, while Brent crude hiked by 2.4% to $61.69 a barrel.
read more... 04/11/2019
Daily (01.11.2019): EUAs sank by 1.5% on Thursday, due to weak auction activity
Crude oil prices declined on Thursday, amidst data showing weak factory activity in China that weighed on global demand. As a result, Brent crude traded 0.6% down at $60.23 a barrel. At the same time, a leak on a key U.S. pipeline disrupted supply flows, pushing WTI futures down by 1.6% to $54.18 a barrel.
read more... 01/11/2019