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Daily (15.06.2022): British gas prices rallied on Tuesday amid weaker Russian flows, maintenance in Norway
Oil prices lost ground on Tuesday as investors worried that the US Federal Reserve would raise interest rates sooner than expected. Hence, Brent crude decreased by 0.9%, to settle at $121.17 a barrel. U.S. WTI crude slipped by 0.7%, to settle at $118.93 a barrel.
read more... 15/06/2022
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Germany plans to put idled coal plants on standby in case of gas supply disruption
Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday.
read more... 25/05/2022
Daily (11.04.2022): The German Cal23 power contract jumped to an all-time high on Friday on Russian coal ban
Crude oil prices gained ground on Friday as increased concerns about reduced Russian exports counterbalanced increased supply to the market from emergency reserves. Brent crude soared by $2.20, or 2.19%, to settle at $102.78 a barrel. U.S. WTI crude increased by $2.23 to $98.26 a barrel.
read more... 11/04/2022
Daily (08.04.2022): European carbon prices soared by 3.6% on Thursday amid strong auction
Oil prices extended losses for the third day in a row on Thursday amid uncertainty that the eurozone will be able to effectively penalize Russian energy exports and after consuming nations announced a large release of oil from emergency reserves. The coronavirus outbreak in Shanghai that has forced a lockdown in China's second-largest city put further pressure on prices. Hence, Brent crude slipped by 49 cents, or 0.5%, to settle at $100.58 a barrel. U.S. WTI crude lost 20 cents, or 0.6%, to settle at $96.03 a barrel.
read more... 08/04/2022
Daily (07.04.2022): Oil prices plummeted to three-week low on Wednesday after IEA reserve release announcement
Crude oil prices slumped to their lowest levels since March 16 on Wednesday amid news that member states of the International Energy Agency (IEA) will release 120 million barrels from strategic reserves to put an end to the escalating prices. Hence, Brent crude dropped by $5.57, or 5.2%, at $101.07 a barrel. U.S. WTI crude fell by $5.73, or 5.6%, to settle at $96.23 a barrel.
read more... 07/04/2022