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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


Daily (23.06.2020): Crude oil prices soared over 2% on Monday amid easing lockdowns, tighter supplies

Crude oil futures edged higher on Monday amid tightening crude supplies from major producers and as lockdowns eased, but sentiment remained precarious as coronavirus infections continued to accelerate. Hence, Brent crude for August delivery rose by 89 cents, or 2.11%, to settle at $43.08 per barrel. At the same time, U.S. WTI crude for July delivery, which expired at the end of the session, soared by 2.5%, to end at $40.73 a barrel, the highest level since March 6.

read more... 23/06/2020


Norwegian gas flows to Europe, UK slide further in May

Norway's pipeline gas supplies to continental Europe and the UK fell further in May to an eight-month low of just 7.35 Bcm, data from S&P Global Platts Analytics showed June 5.

read more... 08/06/2020


Daily (04.06.2020) NBP spot soared by 13.6% on Wednesday as low wind output boosted gas-for-power demand

Crude oil prices stretched gains on Wednesday, on a potential new agreement between OPEC and its allies to cut crude supplies. Nevertheless, a weekly increase in U.S crude inventories supported the bullish trend. As a result, Brent crude increased by 0.6% to $39.79 a barrel. Similarly, WTI futures traded 1.3% higher at $37.29 a barrel.

read more... 04/06/2020


Daily (20.05.2020): British spot and near-term gas prices lost ground on Tuesday amid lower demand, healthy supplies

Crude oil futures diverged on Tuesday, with U.S. WTI crude edging 0.4% higher, to close at $31.96 a barrel in a rather optimistic climate amid the resumption of world demand at a time when supply is absorbing. Meanwhile, Brent crude for July delivery, which struggled to take direction in a volatile trading, shed by 16 cents, or 0.46%, to settle at $34.65 per barrel.

read more... 20/05/2020