Latest news
Daily (27.07.2023): European carbon prices erased all the gains made during the week as bearish fundamentals prevailed
On Wednesday, oil prices slightly declined as they responded to a smaller-than-expected decrease in US oil reserves and the expectation of an upcoming rate hike by the Federal Reserve. Thus, WTI crude settled at $78.78, down by 1% day-on-day, while Brent crude fell by about 1% to reach $82.92 a barrel.
read more... 27/07/2023
Daily (25.07.2023): Oil prices climbed by over 2% on Monday to levels not seen since April
Crude oil prices gained ground on Monday following hopes for new stimulus measures in China and OPEC's production cuts. Additionally, rising demand of US gasoline bolstered prices. Thus, Brent crude rose by 2.1% to end at $82.74 a barrel. Meanwhile, U.S. WTI crude increased by over 2% as well, to settle at $78.74 a barrel.
read more... 25/07/2023
Italy’s energy groups set to benefit from green EU funds
Eni, Enel and other state-controlled Italian energy groups are due to benefit from a partial transfer of European Union funds to the REPowerEU scheme, credit rating agency DBRS said on Monday (24 July).
read more... 25/07/2023
Daily (24.07.2023): The German day-ahead power price dropped by around 27% amid strong renewables and low demand
Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023
Daily (21.07.2023): NBP spot jumped by over 8% on Thursday following a halt in production at Aasta Hansteen
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023