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Daily (24.12.2020): Carbon EUAs increased by 2.4% on Wednesday amid hopes for a Brexit conclusion before Christmas
Crude oil prices gained ground on Wednesday, supported by an unexpected drop in US crude and petroleum reserves. Despite limited gains due to the new strain of coronavirus, Brent oil ended 2.2% up at $51.20 a barrel, while WTI crude traded 2.3% higher at $48.12 a barrel.
read more... 24/12/2020
Daily (23.12.2020): NBP near-term prices strongly bullish on Tuesday amid forecasts for colder weather and less wind
Crude oil prices ended lower again on Tuesday, weighed by investors’ fears on a possible decrease in global demand due to the new strain of coronavirus. Consequently, Brent crude weakened by 1.6% to $50.08 a barrel, while WTI oil lost 2% to close at $47.02 a barrel.
read more... 23/12/2020
Daily (22.12.2020): New strain of coronavirus in the UK weighed heavily on crude oil prices on Monday
Crude oil futures fell on Monday, weighed down by new travel restriction measures imposed at British borders due to a new strain of coronavirus, reviving concerns over an unsteady recovery in global energy demand. Hence, Brent crude dropped by 2.6% to settle at $50.91 a barrel. Meanwhile, U.S WTI crude closed at $47.97 a barrel, posting a 2.3% loss on a daily basis.
read more... 22/12/2020
Russia Backs Another 500,000 Bpd Oil Production Increase
Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000 bpd increase in the alliance’s oil production from February, Bloomberg reported on Monday, citing officials with knowledge of the Russian oil policy.
read more... 22/12/2020
UK electricity balancing costs surge to GBP200 million in November
UK system balancing costs rose 33% on month in November as constraint costs ballooned, National Grid data showed Dec. 15.
read more... 16/12/2020