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Daily (15.06.2020): Brent and WTI crude plunged by 8% for the week amid fears of a second wave of contamination
Crude oil futures were little changed on Friday, with the U.S. WTI crude declining slightly by 0.2% to settle at $36.26 a barrel amid concerns about second wave of virus infections in the U.S. which could threaten the demand recovery. On the contrary, Brent crude for August delivery rose by 18 cents, or 0.5%, to settle at $38.73 a barrel. Both oil benchmarks broke their first weekly winning streak after six straight weeks of gains, to plunge by over 8% last week.
read more... 15/06/2020
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
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Daily (12.05.2020): British near-term gas prices lost ground on Monday amid a re-routing of French gas to UK
Crude oil futures started the week on the back foot, weighed down by investor fears of a second wave of Covid-19 which offset new output cuts from Saudi Arabia. Hence, Brent crude for July delivery fell by $1.34, or 4.3%, to settle at $29.63 a barrel. At the same time, U.S. WTI crude dropped by 60 cents, or 2.4%, to settle at $24.14 a barrel.
read more... 12/05/2020
Wave and tidal stream 'delivers 45GWh in 2019'
Global wave and tidal stream energy production has risen tenfold over the last decade, according to a report by Ocean Energy Systems (OES).
read more... 17/03/2020
Daily (24.07.2019): EU carbon prices jumped to their 2006 peak on Tuesday, on supportive bullish signals and an expected heatwave
Crude oil prices added ground on Tuesday, after data showed a much larger-than-expected fall in the U.S. crude stocks. Meanwhile, weaker demand forecasts and the full restart of Libya’s largest oil field reduced gains. Against that backdrop, Brent crude traded 0.9% higher at $63.83 a barrel, while WTI futures closed 1% up, at $56.77 a barrel.
read more... 24/07/2019