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Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output

Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.

read more... 06/12/2019

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Russia to increase gas production to 740 million cubic meters in 2019

Russia will increase gas extraction by 2% to 740 billion cubic meters in 2019 compared to last year, Russian Energy Minister Alexander Novak said in an article published in the Energeticheskaya Politika (Energy Policy) magazine.

read more... 06/12/2019

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Daily (05.12.2019): Oil prices skyrocketed about 4% on Wednesday ahead of the OPEC meeting

Crude oil prices skyrocketed on Wednesday, buoyed by hopes of deeper production cuts from OPEC and its allies and following a larger-than-expected drop in U.S. stockpiles. Brent crude soared by 3.6% to settle at $63 a barrel. WTI crude gained 4.2%, closing at $58.43 a barrel. It was its third straight day of gains, and its best day since September.

read more... 05/12/2019

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France's EDF extends Cruas 2 nuclear reactor outage to Saturday

French utility EDF on Wednesday extended the outage at its 900 MW Cruas 2 nuclear reactor by two days until Saturday, adding that resumption of power generation could be delayed by ongoing safety checks following an earthquake.

read more... 05/12/2019

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Novatek $4.8 bln Yamal LNG fleet complete. Yakov Gakkel expected to load next week

Russia’s largest independent natural gas producer and LNG exporting player, Novatek has completed the $4.8 billion, 15-vessel strong fleet of Arc7 liquefied natural gas carriers set to serve its giant Yamal LNG project in the Arctic.

read more... 03/12/2019

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