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Daily (31.12.2018): HO-HO-HO French electricity price for 2019-delivery tumbled by over 8% on Friday, due to weaker demand

Oil crude prices recovered somewhat on Friday, tracking bullish stock markets. However, continuing concerns over a persistent supply glut have limited gains. Brent crude price edged higher at $52.2 a barrel. In the meantime, the price for WTI crude surged by 1.6% to settle at $45.33 a barrel.

read more... 31/12/2018


Rosneft inked contract on delivery of up to 2.4 mln tonnes of oil with ChemChina

Russian oil giant Rosneft said on Thursday it had signed a contract with China National Chemical Corporation (ChemChina) on the delivery of up to 2.4 million tonnes of oil to the Asian country in the course of 12 months.

read more... 29/11/2018


Daily (27.11.2018): German spot power price hiked by 22% on Monday, on lower wind generation forecasts

Oil prices gained ground on Monday, on expectations for a reduction in Saudi Arabia’s output, which hit a record level of approximately 11 million barrels per day this month. Moreover, crude inventories at the delivery point for WTI at Cushing, Oklahoma rose less-than-predicted from Tuesday to Friday. However, gains were capped by persisting uncertainty over global economic growth. Brent crude was at $60.48 a barrel, while WTI crude ended at $51.63 a barrel, adding 2.9% and 2.4% respectively.

read more... 27/11/2018


PGNiG snaps more US LNG with Cheniere supply deal

Polish Oil and Gas Company (PGNiG) has signed a supply deal with Houston-based Cheniere for the delivery of more US LNG to the President Lech Kaczyński LNG Terminal in Świnoujście.

read more... 08/11/2018


Daily (05.10.2018): NBP gas contract for delivery in 2019 traded 1.3% higher on Thursday despite lower consumption and a well-supplied system

Oil crude prices lost momentum on Thursday, due to forecasts for an increase in production by Saudi Arabia and Russia. However, the price losses were tempered by the forthcoming U.S. sanctions on Iranian exports. WTI crude closed 2.7% down at $74.33 a barrel, while Brent crude oil futures dropped by 2% to trade at $84.58 a barrel.

read more... 05/10/2018