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Daily (09.07.2020): Higher Norwegian flows led to an oversupply in the British gas system on Wednesday

Crude oil prices added momentum on Wednesday, following an increase in U.S. crude imports and a weekly decline in gasoline supplies that indicated an improvement in energy demand. Hence, Brent crude traded 0.5% higher at $43.29 a barrel. At the same time, WTI futures edged 0.7% higher at $40.90 a barrel.

read more... 09/07/2020


Hungary eyes 6 bln cu m of gas imports via Serbia as of Oct 2021 - Szijjarto

Hungary plans to buy up to 6 billion cubic metres of gas annually from a string of the TurkStream pipeline through Bulgaria and Serbia as of October 2021, Hungarian media reported on Tuesday.

read more... 25/06/2020


Daily (19.06.2020): EUAs broke key technical resistance levels, to trade above €24 on Thursday amid speculator sentiment, bullish auction result

Crude oil futures climbed on Thursday following the OPEC+ monitoring panel meeting that emphasized the critical importance of adhering to full conformity. However, additional coronavirus cases reported in parts of the United States and China added to market jitters. Hence, Brent crude for August delivery soared by 80 cents, or 2%, to settle at $41.51 a barrel. At the same time, U.S. WTI crude settled at $38.84 a barrel, up 88 cents, or 2.3%.

read more... 19/06/2020


Poland’s PGNiG inks domestic LNG deal

Poland’s dominant gas firm and LNG importer PGNiG has signed a deal with South Korean company LG Chem to deliver chilled fuel and build a small regasification station.

read more... 09/06/2020


LNG imports and new supply challenge Russia’s hold on European gas market

Russia’s dominance of Europe’s natural gas market, widely seen as threatening European energy security, is likely to be increasingly challenged as new suppliers establish a foothold in the region.

read more... 13/05/2020