Oil prices rose on Thursday, following an update from the US Department of Energy indicating that the United States would not "immediately" dip into the country's strategic reserves to cope with the increase the price of black gold. Brent oil and WTI crude both gained 1.1% to settle at $81.95 a barrel and $78.30 a barrel, respectively.
read more... 08/10/2021
EU leaders are to discuss the option of setting up a strategic EU gas reserve against the background of high gas prices, European Commission President Ursula von der Leyen said Oct. 5.
read more... 06/10/2021
Spain urged the European Commission on Monday (20 September) to devise guidance to help member states react consistently to power price spikes without testing the rules of the bloc, and suggested moves to limit carbon market speculators and build up gas reserves.
read more... 22/09/2021
Oil prices were bullish on Wednesday, lifted by a significant drop in US crude reserves, coupled with upwardly revised forecasts for demand from the International Energy Agency. As such, Brent oil climbed by 2.5% to $75.46 a barrel and WTI crude rose by 3.1% to $72.61 a barrel.
read more... 16/09/2021
Oil prices fell on Thursday, following the announcement that China started using its internal strategic crude reserves in order to counteract the rising energy prices. Despite a drop in US crude and gasoline stocks, Brent oil lost 1.6% to end at $71.45 a barrel. WTI crude closed 1.7% lower at $68.14 a barrel.
read more... 10/09/2021