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Daily (09.08.2022): Long-term gas prices fell in line with lower carbon prices and amid strong storage injections
Crude oil prices rebounded from multi-months lows touched last week as upbeat economic data from China and the United States fed hopes for a stronger demand despite persisting fears of a recession. Thus, Brent crude rose by 1.8%, to settle at $96.65 a barrel, WTI crude increased by 2% to $90.76.
read more... 09/08/2022
China greentech company Envision to build EV battery plant in Spain
Spain has signed a partnership agreement with Chinese green energy company Envision Group to embark on four projects, including a battery plant for electric cars, with 3.8 billion euros ($3.9 billion) in total investment, partly funded by European Union aid.
read more... 21/07/2022
(Daily 13.07.2022): Crude oil fell on Tuesday to trade below $100 due to a strengthening dollar and COVID-19 restrictions in China
Crude oil fell on Tuesday to trade below $100 per barrel due to a strengthening dollar, COVID-19 restrictions in China, the world's largest petroleum importer, and growing concerns about a recession in the global economy. Thus, Brent crude ended 7.1% lower at $99.49 a barrel, while WTI fell by 7.9% to $95.84 per barrel.
read more... 13/07/2022
Daily (12.07.2022): German Cal23 power price firmed on Monday amid strong coal, supply concerns
Oil prices barely changed on Monday as the markets weighed persistent supply shortage worries against an anticipated decline in demand driven by extensive COVID-19 testing in China. Hence, Brent crude ended rather flat to settle at $107.10 a barrel, while U.S. WTI crude slipped by 0.7%, to settle at $104.09 a barrel.
read more... 12/07/2022
(Daily 06.07.2022): Oil prices saw their biggest daily drop since March on Tuesday
On Tuesday, oil prices saw their biggest daily drop since March, as lockdowns in China and mounting concerns about a world recession reduced demand. Brent crude fell by 9.5% to settle at $102.77 a barrel, while WTI crude dropped by 9.9% to $99.5 a barrel.
read more... 06/07/2022