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Daily (10.11.2020): Oil prices spiked by about 8% on Monday amid Covid-19 vaccine breakthrough
Oil prices spiked on Monday after US drug firm Pfizer and Germany’s BioNTech unveiled a Covid-19 vaccine that has been found to be more than 90% effective, igniting hopes of improving black gold demand. Hence, Brent crude rallied by $2.95, or 7.5%, to settle at $42.40 a barrel. Meanwhile, U.S. WTI crude surged by $3.15, or 8.5%, to end at $40.29 a barrel. Both contracts hit their biggest daily gain in more five months.
read more... 10/11/2020
Daily (06.11.2020): European Cal’21 power contracts rose to 10-day highs on Thursday amid stronger carbon
Oil prices declined modestly on Thursday amid persisting concerns about the impact of the new COVID-19 restrictions over global demand and uncertain outcome of the U.S. presidential election. Hence, Brent crude lost 30 cents, or 0.7%, to settle at $40.93 a barrel. Meanwhile, U.S. WTI crude declined by 36 cents, or 0.9%, to end at $38.79 per barrel.
read more... 06/11/2020
Long-term gas contract expiries open opportunities for new LNG players
The expiry in the coming years of long-term European gas supply contracts will provide opportunities for new players -- especially from the LNG sector -- to enter the European market, a senior official from the International Energy Agency said Sept. 29.
read more... 30/09/2020
Daily (16.09.2020): Oil prices ended higher on Tuesday as Hurricane Sally disrupted Gulf of Mexico energy production
Crude oil futures rebounded on Tuesday, buoyed by rising Chinese industrial production and Hurricane Sally which curbed the supply in the Gulf of Mexico. However, bearish forecasts for the energy demand released by the IEA helped to limit the upside for oil prices. Hence, Brent crude for November delivery soared by 92 cents, or 2.3%, to settle at $40.53 a barrel. Meanwhile, U.S. WTI crude for October delivery climbed by $1.02, or 2.7%, to settle at $38.28 a barrel. Both contracts fell on Monday.
read more... 16/09/2020
UK can have "negative-subsidy" offshore wind online in couple of years
The UK’s contracts for difference (CfD) auctions in September 2019 will likely bring the world’s first "negative-subsidy" offshore wind farms, according to a study led by Imperial College London (ICL) researchers.
read more... 29/07/2020