Oil and Gas Sector

03.07.2020

Brent dangles between hope and fear

Oil prices rose on Thursday after data showed a fall in U.S. unemployment and a sharp drop in crude stockpiles, although concerns that a spike in U.S. coronavirus infections could stall a recovery in fuel demand kept gains in check. U.S. non-farm payrolls increased by 4.8 million in June, the...

Oil prices rose on Thursday after data showed a fall in U.S. unemployment and a sharp drop in crude stockpiles, although concerns that a spike in U.S. coronavirus infections could stall a recovery in fuel demand kept gains in check. U.S. non-farm payrolls increased by 4.8 million in June, the...

03.07.2020

Resuming glut disrupts North Sea region’s natural gas market equilibrium

Prompt British wholesale gas prices fell on Thursday morning as imports from Norway increased, leaving the market oversupplied.

The day-ahead contract was down 0.35 pence at 15.00 p/therm by 0848 GMT.

Traders said higher imports, coupled with an expected dip in gas demand from power stations as Britain’s wind power ramps up...

Prompt British wholesale gas prices fell on Thursday morning as imports from Norway increased, leaving the market oversupplied.

The day-ahead contract was down 0.35 pence at 15.00 p/therm by 0848 GMT.

Traders said higher imports, coupled with an expected dip in gas demand from power stations as Britain’s wind power ramps up...

02.07.2020

Brent veers up for the day, remains capped by bug

Oil prices rose nearly 2% on Wednesday following a drawdown in U.S. crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains. Brent crude rose 80 cents, or 1.9%, to $42.07 a barrel by 12:43 p.m. EDT (1643 GMT). U.S....

Oil prices rose nearly 2% on Wednesday following a drawdown in U.S. crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains. Brent crude rose 80 cents, or 1.9%, to $42.07 a barrel by 12:43 p.m. EDT (1643 GMT). U.S....

02.07.2020

Changes in supply patterns, not volumes, keep North Sea region’s natural gas markets volatile

British prompt wholesale gas prices were mixed on Wednesday morning as a drop in exports to continental Europe was offset by lower liquefied natural gas send-out.

The day-ahead contract was 0.15 pence higher at 15.65 pence per therm by 0831 GMT.

The within-day contract fell by 0.80 pence to 16.00 p/therm.

There is...

British prompt wholesale gas prices were mixed on Wednesday morning as a drop in exports to continental Europe was offset by lower liquefied natural gas send-out.

The day-ahead contract was 0.15 pence higher at 15.65 pence per therm by 0831 GMT.

The within-day contract fell by 0.80 pence to 16.00 p/therm.

There is...

01.07.2020

Brent posts slight drop, holds on to $40/b threshold

Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has slowed to a trickle since the start of the year. The more-active September contract for Brent fell 0.3% to $41.70 a barrel by 11:41 a.m. EDT (1541 GMT), paring Monday’s 92-cent...

Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has slowed to a trickle since the start of the year. The more-active September contract for Brent fell 0.3% to $41.70 a barrel by 11:41 a.m. EDT (1541 GMT), paring Monday’s 92-cent...


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