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Daily (27.10.2020): Brent and WTI crude settled at 3-week lows on Monday amid surging coronavirus cases worldwide
Crude oil futures fell on Monday in response to surging coronavirus cases in the US and Europe, where several countries have already implemented new restrictions, raising concerns about the impact of the pandemic on oil demand. Extra pressure on oil prices comes from increasing Libyan crude oil production and exports after the country recently lifted the force majeure. Hence, Brent crude shed by $1.31, or 3.1%, to settle at $40.46 a barrel. U.S. WTI crude dropped by $1.29, or 3.2%, to close at $38.56 a barrel. Both, WTI and Brent crude marked their lowest settlements since Oct. 2.
read more... 27/10/2020
Denmark, Germany open 400 MW power cable linking Baltic Sea wind farms
Germany and Denmark have officially opened the world's first hybrid wind interconnector in the Baltic Sea, grid operators 50Hertz and Energinet.dk said Oct. 20
read more... 21/10/2020
Four Big Takeaways From the IEA’s World Energy Outlook
Once a year, the International Energy Agency attempts to impose some order on the chaotic world of oil, gas, power and carbon by publishing detailed scenarios on how the next few decades might unfold.
read more... 19/10/2020
Daily (05.10.2020): Oil fell by 4% on Friday, on news that US President Donald Trump was tested positive for Covid-19
Oil prices lost ground on Friday amid uncertainty surrounding the U.S. president’s health. A weak unemployment report and increased supply from major world oil producers put extra pressure on prices. As a result, Brent crude fell by 4.1% to settle at $39.27 a barrel. Meanwhile, WTI futures declined by 4.3% to $37.05 a barrel.
read more... 05/10/2020
Coal India sees fastest growth in output, sales for six years in Sept
State-run Coal India accounts for over 80 per cent of the country's production and is the world's largest coal miner by output
read more... 02/10/2020