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Daily (22.06.2021): British near-term gas prices rallied at multi-year record highs on Monday amid outages in Norway, weak LNG send-outs
Crude oil futures soared on Monday amid inconclusive nuclear talks between world powers and Iran - which has elected a new hardline president - allaying prospects for a swift revival of the Islamic Republic’s crude exports. Hence, Brent crude increased by 1.9% to settle at $74.90 a barrel. Meanwhile, U.S. WTI crude surged by 2.8% to end at $73.66 a barrel.
read more... 22/06/2021
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France turns net power importer on higher demand, lower nuclear output
France was a net importer of power in Week 14 (April 5-11) as cold temperatures saw power demand rise sharply after the Easter weekend, while a combination of planned and forced outages in EDF's nuclear fleet saw its generation at a six-month low.
read more... 13/04/2021
Daily (23.03.2021): British gas prices rose on Monday amid unplanned outages in Norway, bullish energy complex
Oil prices stabilized on Monday after a week of sharp declines, but ongoing jitters that the fresh lockdowns in Europe and the slow pace of vaccination rollout capped gains. Hence, Brent crude added 0.1% to settle at $64.62 a barrel. Meanwhile. U.S. WTI crude ended at $61.53 a barrel, posting a 0.2% gain day-on-day.
read more... 23/03/2021
Daily (16.11.2020): NBP spot increased by 3% on Friday due to continued outage at a Norwegian gas field
Oil prices were bearish on Friday, as reports showed a decrease in global demand for black gold. Consequently, Brent crude ended at $42.78 a barrel, or 1.7% down from Thursday’s close, while WTI oil dropped by 2.4% to $40.13 a barrel.
read more... 16/11/2020
Daily (23.10.2020): British front-month gas prices hit fresh 2020 highs on Thursday amid unplanned Norwegian outages
Crude oil futures climbed on Thursday amid hopes for a new coronavirus aid package and a drop in U.S. weekly jobless claims. Prices also found support after Russian President Vladimir Putin said that he would be ready to extend oil output cuts in the face of the Covid-19 pandemic. Hence, Brent crude for December delivery soared by 73 cents, or 1.8%, to settle at $42.46 a barrel. Meanwhile, WTI crude gained 61 cents, or 1.5%, to end at $40.64 a barrel.
read more... 23/10/2020