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Long-term gas contract expiries open opportunities for new LNG players

The expiry in the coming years of long-term European gas supply contracts will provide opportunities for new players -- especially from the LNG sector -- to enter the European market, a senior official from the International Energy Agency said Sept. 29.

read more... 30/09/2020


Daily (16.09.2020): Oil prices ended higher on Tuesday as Hurricane Sally disrupted Gulf of Mexico energy production

Crude oil futures rebounded on Tuesday, buoyed by rising Chinese industrial production and Hurricane Sally which curbed the supply in the Gulf of Mexico. However, bearish forecasts for the energy demand released by the IEA helped to limit the upside for oil prices. Hence, Brent crude for November delivery soared by 92 cents, or 2.3%, to settle at $40.53 a barrel. Meanwhile, U.S. WTI crude for October delivery climbed by $1.02, or 2.7%, to settle at $38.28 a barrel. Both contracts fell on Monday.

read more... 16/09/2020


UK can have "negative-subsidy" offshore wind online in couple of years

The UK’s contracts for difference (CfD) auctions in September 2019 will likely bring the world’s first "negative-subsidy" offshore wind farms, according to a study led by Imperial College London (ICL) researchers.

read more... 29/07/2020


Total and Sonatrach extend their partnership in LNG

Total and Sonatrach have signed an agreement to renew their partnership in the field of LNG. This agreement notably allows to extend the existing supply contracts for three additional years in order to provide 2 million tpy of Algerian LNG to the French market, primarily through an LNG terminal at Fos Cavaou. The agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.

read more... 26/06/2020


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