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Daily (21.08.2023): Oil prices rose on Friday but lost ground for the week amid concerns over Chinese demand
Oil prices closed slightly higher on Friday but ended the week lower, with the market concerned about demand from China. The rise was mainly attributed to an expected drop in US crude oil inventories. Consequently, Brent crude increased by 0.8% to close at $84.80 a barrel, while WTI crude rose by over 1% to settle at $81.25 a barrel.
read more... 21/08/2023
Daily (18.08.2023): European carbon prices reached a three-week high amid speculative trading, reduced supply in August and positive technical indicators
On Thursday, oil prices experienced a recovery following three consecutive days of losses. The strength of the US economy and demand, along with tensions in the market, counteracted worries about the economic well-being of China. Thus, Brent crude increased by 0.8% to close at $84.12 a barrel, while WTI crude rose by 1.3% to settle at $80.39 a barrel.
read more... 18/08/2023
French LNG sendout to stay low
French LNG regasification could remain subdued in the coming weeks as the country has little underground storage space remaining while demand could stay muted.
read more... 18/08/2023
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EU gas storage may face “reality check” in December
EU gas storage levels are well above the historical average but current supply and demand trends suggest inventories could be insufficient by December, said Sweden’s SEB bank on Tuesday.
read more... 16/08/2023
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IEA forecasts slower global oil demand growth in 2024
World oil demand growth will slow next year compared with this year when a record 102.2m bbl/day of crude oil will be consumed, the International Energy Agency said on Friday.
read more... 15/08/2023