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World oil, gas, coal demand to peak by 2030
World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China's economy grows more slowly and shifts towards cleaner energy, the International Energy Agency said, undercutting the rationale for any rise in investment.
read more... 24/10/2023
Daily (23.10.2023): Gas prices extended gains on Friday amid colder weather, ongoing conflict in the Middle East and persisting supply concerns
Oil prices witnessed a minor decline on Friday in a market filled with uncertainty. This uncertainty stems from various factors, including the ongoing conflict in the Middle East and the looming political crisis in the United States Congress. As a result, Brent crude stabilized at $92.16 per barrel, while WTI crude ended at $88.08 per barrel, down 1.4% day-on-day.
read more... 23/10/2023
Daily (20.10.2023): Oil prices continued their steady rise, surpassing $92 a barrel on Thursday as tensions in the Middle East remain high
Oil prices resumed their rise on Thursday as the ongoing concerns regarding a possible crisis in the Middle East outweighed the potential rise in Venezuelan exports. Thus, Brent crude settled at $92.38 per barrel, while WTI crude ended at $89.37 per barrel, both contracts trading 1% down day-on-day.
read more... 20/10/2023
Daily (19.10.2023): Oil prices saw a 2% uptick on Wednesday, boosted by Iran's call for an oil embargo against Israel and a decline in US crude stockpiles
Oil prices saw a 2% uptick on Wednesday, boosted by Iran's call for an oil embargo against Israel and a decline in US crude stockpiles driven by heightened exports and rising domestic demand. Hence, Brent crude settled at $91.45 per barrel, while WTI crude ended at $88.32 per barrel.
read more... 19/10/2023
Daily (18.10.2023): Oil prices notched a minor increase on Tuesday as tensions in the Middle East continued to run higher after deadly blast at Gaza hospital
Crude oil prices rose slightly yesterday, with markets feeling uncertain due to worries about the potential escalation of a broader conflict in the Middle East after the deadly blast at Gaza hospital. As a result, Brent crude edged 0.3% higher at $89.90 a barrel. Meanwhile, U.S. WTI crude remained unchanged at $86.66 a barrel.
read more... 18/10/2023