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Price cap predicted to drop by 14% in April 2024
Forecasts for the April 2024 default tariff cap suggest a 14% decrease, projecting an annual cost of £1,660 for a typical dual fuel consumer
read more... 22/12/2023
Daily (21.12.2023): European carbon prices marked their largest daily gain in 11 months on Wednesday, driven by fund position adjustments and bullish gas prices
On Wednesday, oil prices sustained their upward trend, partially influenced by tensions in the Red Sea. However, the increase in US crude and gasoline inventories limited the gains. Consequently, Brent crude rose by around 0.6% to close at $79.70, and WTI crude ended at $74.22 per barrel, 0.4% higher day-on-day.
read more... 21/12/2023
Daily (18.12.2023): Forward gas prices tumbled by 5% on Friday amid robust supply and mild temperatures
Oil prices posted a slight decrease on Friday following a very volatile week. Market analysts attributed the fluctuations to the upcoming week nearing the end-of-year holidays, noting that traders "are not particularly inclined to take significant positions." As a result, Brent crude ended at $76.55, and WTI crude closed at $71.43 per barrel.
read more... 18/12/2023
Daily (15.12.2023): European carbon prices plunged to their lowest in 14 months on Thursday amid continuous selling pressure and weaker demand
On Thursday, oil prices surged, as speculative traders took profits and investors showed an increased appetite for risk assets. This increase was prompted by a more relaxed stance from the Fed. Consequently, both contracts jumped by over 3%, with Brent crude closing at $76.61, and WTI crude ending at $71.58 per barrel.
read more... 15/12/2023
Daily (12.12.2023): European carbon prices hit a 14-month low on Monday, driven by falling gas prices
On Monday, oil prices saw a modest increase as investors were cautious in anticipation of a week filled with market reports and decisions on monetary policy. As a result, Brent crude closed slightly above $76, while WTI crude ended at $71.32 per barrel.
read more... 12/12/2023