Latest news
Daily (22.02.2022): Oil prices moved upwards on Monday as Russia-Ukraine tensions escalated
Crude oil prices continued to increase on Monday amid heightening tensions between Russia and Ukraine after Russian President Vladimir Putin recognized Donetsk and Luhansk in Ukraine East as independent states. Hence, Brent crude soared by 2% to settle at $95.39 a barrel. U.S. WTI crude added 0.6% to end at $91.59 a barrel.
read more... 22/02/2022
Daily (21.02.2022): British gas prices were bearish on Friday, on forecasts for milder weather and higher renewables output
Crude oil prices were mixed on Friday, as escalating tensions in the Russia-Ukraine crisis were offset by prospects of returning Iranian crude supply, as talks moved forward on a nuclear deal. As such, Brent oil rose by 0.6% to $93.54 a barrel. At the same time, WTI crude fell by 0.8% to $91.07 a barrel.
read more... 21/02/2022
Daily (18.02.2022): Oil prices fell by about 2% on Thursday amid hopes of more Iranian oil supply
Crude oil prices corrected lower on Thursday amid signs of progress in talks in Vienna to resurrect the Iranian nuclear deal that could pave the way for more crude exports from Iran. Hence, Brent crude fell by $1.84, or 1.9%, to settle at $92.97 a barrel. U.S. WTI crude dropped by $1.90, or 2.0%, to settle at $91.76.
read more... 18/02/2022
Daily (17.02.2022): European spot power prices dropped significantly on Wednesday, amid surging wind generation levels
Crude oil prices increased on Wednesday, amid renewed concerns over the Ukraine crisis due to widespread skepticism over the Russians’ actions. Nevertheless, gains were limited by an unexpected rise in weekly US crude stocks. As a result, Brent oil climbed by 1.6% to $94.81 a barrel and WTI crude rose by 1.7% to $93.66 a barrel.
read more... 17/02/2022
Daily (16.02.2022): Energy markets turned bearish on Tuesday as Putin downplayed any intention to invade Ukraine
Oil prices fell on Tuesday, retreating from a seven-year high as worries of an impending war between Russia and Ukraine dissipated following reports that Moscow had withdrawn some troops from its borders. Hence, Brent crude fell by $3.20, or 3.3%, to settle at $93.28 a barrel. U.S. WTI crude dropped by $3.39, or 3.6%, to end at $92.07 a barrel.
read more... 16/02/2022