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Daily (02.06.2020): The British spot gas dived by 5.6% on Monday after the resumption of Russian flows

Crude oil futures diverged on Monday, with Brent crude for August delivery surging by 8.5% to close at $38.32 a barrel amid hopes that OPEC+ producers will meet this week, earlier than previously planned, to discuss about a further extension of output cuts. Meanwhile, U.S. WTI crude was rather stable at $35.49 a barrel, but under the effect of increasingly hostile relations between the United States and China.

read more... 02/06/2020

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French nuclear output slumps to multi-year low in May

French nuclear output hit its lowest point since 2012 in May, falling 22.4% year on year to 24.6 TWh, as power demand remains affected by the coronavirus crisis, preliminary data from TSO RTE data showed on Monday.

read more... 02/06/2020

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Daily (29.05.2020): UK gas prices plunged to historical lows due to oversupply and weak demand

Crude oil futures turned higher on Thursday, shrugging off an unexpected rise in U.S. crude stockpiles as traders focused on falling gasoline stocks and a further decline in crude stored at the New York Mercantile Exchange’s delivery hub in Cushing, Oklahoma. Moreover, expectations for further oil outputs cuts by Russia starting from July added to the upbeat sentiment.

read more... 29/05/2020

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Daily (26.06.2020): German forward prices increased by over 2% on Monday tracking stronger carbon prices

Oil markets were relatively quiet with no significant movements on Monday due to Memorial Day in US and Spring Bank Holiday in the UK. However, o firmer demand and output cuts lent support to prices.

read more... 26/05/2020

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Daily (12.05.2020): British near-term gas prices lost ground on Monday amid a re-routing of French gas to UK

Crude oil futures started the week on the back foot, weighed down by investor fears of a second wave of Covid-19 which offset new output cuts from Saudi Arabia. Hence, Brent crude for July delivery fell by $1.34, or 4.3%, to settle at $29.63 a barrel. At the same time, U.S. WTI crude dropped by 60 cents, or 2.4%, to settle at $24.14 a barrel.

read more... 12/05/2020

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