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Daily (25.08.2023): Gas and power prices are strongly bearish following positive news from Australia
Crude oil prices closed slightly higher on Thursday as gasoil stocks in Europe are declining. Hence, Brent crude and WTI crude edged 0.2% higher, at $83.36 a barrel and $79.05 a barrel, respectively.
read more... 25/08/2023
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Italy aims for bigger EU gas supply role with TAP expansion
The Italian government is targeting a greater energy supply hub role in the EU through the expansion of the Trans Adriatic Pipeline (TAP) and closer ties with key gas producers in Africa.
read more... 25/08/2023
Daily (24.08.2023): Crude prices shed by 1% on Wednesday due to increased U.S. gasoline inventories
On Wednesday, crude oil prices fell due to concerns over increased U.S. gasoline inventories. Hence, Brent crude declined by 1% to $83.21 a barrel, while WTI crude dropped by 0.9% $78.89 a barrel.
read more... 24/08/2023
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EU to open third round of joint gas buying in September
The European Union will open its third round of joint gas buying next month, as the bloc moves to secure supplies in preparation for another winter with scarce Russian gas.
read more... 24/08/2023
Daily (23.08.2023): European carbon prices surged by over 2% amid bullish gas prices
Oil prices fell slightly on Tuesday due to the worsening economic outlook in China and uncertainties surrounding the possible impact of the economic slowdown in the US. Thus, Brent crude edged 0.5% down at $84.03 a barrel, while WTI crude traded 1.3% lower at $79.64 a barrel.
read more... 23/08/2023