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Daily (08.05.2020): German Cal’21 power contract bounced by 1.3% on Thursday in tandem with stronger coal, carbon prices

Crude oil futures declined on Thursday amid doubts about the ability of oil giants to comply with their production quotas in an attempt to stabilize the market. Moreover, worries about economic recession, sluggish demand and oversupply eclipsed a rebound in Saudi Arabia’s official crude selling and an unexpected rise in Chinese exports last month.

read more... 08/05/2020

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Russia’s Gazprom Moves Forward With New Mega Pipeline

The Russian gas export monopoly Gazprom has hit the wall with new European projects – Nord Stream 2 will be finished at some point in the second half of 2021, the exact route of TurkStream’s second line remains veiled in ambiguity and no other major gas importer voiced their interest in carrying out a new project.

read more... 05/05/2020

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Daily (05.05.2020): British gas prices firmed on Monday amid a short system, higher exports and bullish oil markets

Crude oil futures edged higher on Monday as more countries unveiled they would begin easing coronavirus lockdowns and after the production quotas for the main oil exporting countries entered into force at the end of last week. Hence, Brent crude for July delivery soared by 76 cents, or 2.9%, to settle at $27.20 a barrel. At the same time, U.S. WTI crude surged by 61 cents, or 3%, to settle at $20.39 a barrel.

read more... 05/05/2020

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Russia's Gazprom eyes capacity increase on China gas export link

Russia's Gazprom is working to boost the capacity of its landmark gas pipeline to China -- the Power of Siberia -- as it looks to ramp up flows via the line.

read more... 16/04/2020

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Russia’s Gazprom says global LNG glut pressures global gas prices

Excessive supplies of liquefied natural gas (LNG) as well as brimming storage have put pressure on natural gas prices in Europe and Asia, dimming forecasts for exports, Russian gas giant Gazprom said on Thursday.

read more... 14/02/2020

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