As COVID-19 continues to restrict global travel and economic activity, the demand for oil worldwide is on a steady decline. According to the International Energy Agency’s latest oil market forecast demand for oil in 2020 has dropped by around 90,000 barrels since 2019, its first decline since 2009. This...
The Coronavirus pandemic is rapidly altering the way we work, travel, and consume energy. Last month, Great Britain broke its record for the longest period of electricity generation without coal. This occurred due to a reduction in workforce, meaning less generation fleet and a decreased demand. Great Britain has...
Gas Gas stocks are nearing capacity earlier than usual this year, with warm weather reducing demand. The 1-year forward price for commercial gas closed at 30.08ppt by May 29th. Power Power prices decreased towards the close of the month, with warm weather reducing the need for consumption...
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