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Daily (28.05.2020): After previous gains, energy markets turned bearish again on Wednesday

Oil prices turned bearish on Wednesday as tensions between China and the United States intensified, following the statements of the American president about a firm response to China’s proposed security law in Hong Kong. Moreover, some traders treated with suspicion Russia’s commitment to deep production cuts.

read more... 28/05/2020

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Daily (27.05.2020): Energy prices recovered on Tuesday on strong optimism for a recovery in demand

Oil prices continued the bullish evolution due to a possible extension of current oil production cuts beyond June after OPEC+ countries will meet at the beginning of next month.

read more... 27/05/2020

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Hard coal alliance proposes runtime extension for 'reserve' under Germany's phase-out - report

An alliance of hard coal plant operators plans to achieve an expansion of the runtime of Germany's seven most modern hard coal plants by proposing to shift them into an "energy transition reserve" to back up intermittent renewable power production, Christian Geinitz reports for the Frankfurter Allgemeine Zeitung.

read more... 26/05/2020

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Orsted consortium plans offshore Power-to-X play

Orsted and a consortium of Danish companies have formed a landmark partnership to develop an industrial-scale transport fuel production facility in the Copenhagen area that will be powered by offshore wind in the Baltic Sea.

read more... 26/05/2020

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Daily (19.05.2020): EUAs surpass the €20-mark for the first time this month amid wider markets gains

Crude oil futures rallied to their highest settlement in more than two months on Monday, driven by historic production cuts, the prospect of demand recovery following countries’ lockdown and revival of their economies, and promising early results from coronavirus vaccine trial.

read more... 19/05/2020

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