Latest news
Daily (28.12.2023): Oil prices dropped by about 2% on Wednesday, with investors digesting Red Sea developments
Crude oil futures retreated on Wednesday, erasing approximately half of the gains from the previous session. Nevertheless, the persistently deteriorating security situation in the Middle East kept prices near one-month highs due to potential threats to energy shipments. Hence, Brent crude declined by 1.8% to settle at $79.65 a barrel. U.S. WTI crude decreased by about $2% to 74.11 a barrel.
read more... 28/12/2023
Daily (27.12.2023): European spot electricity prices rocketed amid weaker wind generation
Crude oil prices surged more than 2% on Tuesday, hitting their monthly peak. The increase was due to fears of shipping disruptions following further Red Sea ship attacks and hopes of interest rate cuts boosting economic growth and fuel demand. Hence, Brent crude traded at $81.07 a barrel, while WTI crude traded at $75.57 a barrel.
read more... 27/12/2023
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