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EU gas forwards to hit fresh record lows – analysts
European gas forwards, which slumped to record lows on Friday, are set to fall further as robust piped and LNG supplies compete for market share at least until the third quarter, analysts said.
read more... 28/04/2020
Daily (20.04.2020): The British spot gas price plunged by 7% to 13.25 p/therm on Friday due to a weak demand and an oversupplied system
Crude oil futures evolved differently on Friday, with U.S. WTI crude at 18-year lows as bearish Chinese economic figures and growing U.S. supplies overshadowed Trump’s plan to ease lockdown measures.
read more... 20/04/2020
Daily (06.04.2019): Brent crude jumped by nearly 14% on Friday, on hopes for new output cuts by world oil leaders
Crude oil prices rebounded on Friday, marking the first weekly rise in more than a month, after OPEC leader, Saudi Arabia, announced the willingness to have an emergency meeting to potentially cut oil supplies and solve the oil price war. Consequently, Brent crude for June delivery traded 13.9% higher at $34.11 a barrel. Similarly, WTI futures spiked by 11.9% to $28.34 a barrel.
read more... 06/04/2020
Russia’s Gazprom says global LNG glut pressures global gas prices
Excessive supplies of liquefied natural gas (LNG) as well as brimming storage have put pressure on natural gas prices in Europe and Asia, dimming forecasts for exports, Russian gas giant Gazprom said on Thursday.
read more... 14/02/2020
Lithuania could take 'legal measures' to restrict Russian gas imports
A small amount of Russian gas doesn't pose a threat to the country's energy independence, according to the Lithuanian energy minister, after a report by Lithuanian intelligence bodies said Russian supplies pose a risk to national security.
read more... 05/02/2020