Latest news
French unions begin energy sector strikes over job fears from restructurings
The CGT union, alongside CFE-CGC, FCE-CFDT and Forces Ouvrieres (FO), had urged staff at EDF to strike for at least an hour, even those working remotely.
read more... 27/11/2020
Norway gas exports could be hit by strike escalation from Friday
Some 2,300 security guards organised by the Norwegian Union of General Workers (NAF) are on strike nationwide over pay, and an additional 85 will go on strike from Saturday unless the dispute is resolved first
read more... 27/11/2020
Daily (13.10.2020): Oil prices fell by about 3% on Monday, with WTI back below the psychological $40 level amid easing supply disruptions
Oil prices fell by about 3% on Monday due to easing supply disruptions easing in the U.S. and Libya, while the end of a workers’ strike in Norway is returning more output to a market struggling with an anemic demand. As a result, Brent crude for December delivery fell by $1.13, or 2.6%, to settle at $41.72 a barrel. Meanwhile, U.S. WTI crude for November delivery shed by 2.9%, or $1.17, to end at $39.43 a barrel.
read more... 13/10/2020
Daily (12.10.2020): European carbon prices fell to a seven-week low on Friday following heavy auction supply and Covid worries
The end of one of the oil workers’ strike in Norway led to a ramp up in crude output on Friday, thereby weighing on oil prices. Hence, Brent crude decreased by 1.1% to $42.85 a barrel. Similarly, WTI futures lost 1.8% to trade at $39.95 a barrel.
read more... 12/10/2020
Daily (09.10.2020): NBP gas for month-ahead delivery hit an almost 10-month peak on Thursday tracking higher oil and LNG prices
Crude oil futures hit their highest level in more than a month on Thursday as Hurricane Delta forces paralyzed nearly 92% of crude output in the Gulf of Mexico, while Saudi Arabia envisages postponing OPEC plans to boost output. The prospect of more production outages in the North Sea due to a workers’ strike added further support to oil markets. Hence, Brent crude for December delivery jumped by $1.35, or 3.2% to settle at $43.34 a barrel. Meanwhile, U.S. WTI crude surged by $1.24 cents, or 3.1%, to end at $41.19 a barrel.
read more... 09/10/2020