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Daily (12.06.2020): Brent crude dropped by over 8% on Thursday amid resurgence in coronavirus cases and gloomy demand outlook
Crude oil futures plunged on Thursday amid concerns about a second wave of Covid-19 and doubts about the strength of the global economic recovery. Hence, Brent crude for August delivery fell by $3.18, or 7.6%, to settle at $38.55 a barrel. At the same time, U.S. WTI crude dived by $3.26, or 8.2%, to settle at $36.34 a barrel. Both contracts, Brent and WTI posted their worst daily drops since April 21 and 27, respectively.
read more... 12/06/2020
Daily (10.06.2020): British near-term gas prices lost ground on Tuesday despite a cut in Norway gas flows
Crude oil prices edged higher on Tuesday as the extension of OPEC+ output cuts on Saturday counterbalanced worries that resurgent coronavirus cases in the US could hit the oil demand recovery, which is still fragile. Hence, Brent crude for August delivery rose by 38 cents, or 0.9%, to settle at $41.18 a barrel. At the same time, U.S. WTI crude gained 75 cents, or 2%, to end at $38.94 a barrel.
read more... 10/06/2020
Post-COVID recovery brings decarbonisation opportunity
The world's response to COVID-19 is also an opportunity to meet strategic goals that include reducing carbon emissions and attaining a healthier, more sustainable environment, while ensuring economic recovery, the leaders of the Canadian Nuclear Association (CNA) and World Nuclear Association said yesterday.
read more... 08/06/2020
Daily (27.05.2020): Energy prices recovered on Tuesday on strong optimism for a recovery in demand
Oil prices continued the bullish evolution due to a possible extension of current oil production cuts beyond June after OPEC+ countries will meet at the beginning of next month.
read more... 27/05/2020
Daily (25.05.2020): Oil futures settled lower on Friday amid U.S.-China turbulence, but posted a weekly gain
Crude oil futures lost ground on Friday amid worries about economic recovery in China and rising tensions between Beijing and Washington.
read more... 25/05/2020