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Daily (14.12.2023): Forward gas prices traded higher on Wednesday as colder weather forecasts counterbalanced ample supply
On Wednesday, oil prices rebounded, supported by a decline in US crude inventories and a more relaxed tone from the Federal Reserve. As a result, Brent crude ended at $74.26, and WTI crude settled at $69.47 per barrel, with both contracts recording gains of over 1%.
read more... 14/12/2023
Daily (16.11.2023): European carbon prices hit a three-week high on Wednesday as data showed investment funds posted record net short positions
Oil prices declined on Wednesday as the prospect of supply outpacing demand continued to grow, with U.S. reserves rising to over 439 million barrels in the week ending November 10, significantly exceeding expectations. As a result, Brent crude ended 1.6% lower at $81.18 per barrel, while WTI crude dropped by 2% to end at $76.66 per barrel.
read more... 16/11/2023
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Europe's Gas Storage Hits Record High But Winter Worries Persist
Earlier this week, reports emerged that Chevron was negotiating LNG deliveries for the European Union, looking at contract terms of 15 years.
read more... 06/11/2023
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Severe German winter may cause record low gas storage
Germany is better prepared for winter gas supply than last but in the worst-case scenario, it could cause storage facilities to hit a record low of 2% of capacity, network regulator BNA said on Thursday.
read more... 03/11/2023
UK weighs one-off increase to energy price cap to aid suppliers
Britain's energy regulator is considering a one-off increase to its price cap on energy bills to reduce the risk of suppliers going bust amid record levels of customer energy debt, it said on Thursday, in a proposal condemned by consumer campaigners.
read more... 13/10/2023