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Daily (21.02.2024): British near-term gas prices turned bullish on Tuesday due to reduced Norwegian flows and stronger demand
On Tuesday, oil prices fell due to concerns over a recession and weaker demand. Brent crude dropped by 1.5% to $82.34, while WTI Crude decreased by approximately 2% to $77.04, despite potential supply disruptions caused by the ongoing political conflict in the Middle East.
read more... 21/02/2024
Daily (16.02.2024): European carbon prices surged by over 2% on Thursday amid short covering and rising gas prices
Oil prices surged on Thursday due to escalating tensions in the Middle East, overshadowing ongoing concerns about oversupply and weak demand. Consequently, Brent crude increased by 1.5% to settle at $82.86 a barrel, while WTI crude climbed by about 2% to stand at $78.03 a barrel.
read more... 16/02/2024
EU approves $7.4 bln in state aid to boost renewable hydrogen
The EU commission said on Thursday it had approved 6.9 billion euros ($7.4 billion) in state aid for infrastructure projects to boost the supply of renewable hydrogen.
read more... 16/02/2024
Daily (15.02.2024): Oil prices fell by over 1% on Wednesday, driven by a 12-million-barrel build in US crude oil inventories
Oil prices declined on Wednesday amid signs of a strong supply outlook following a significant surge of 12 million barrels in US crude oil inventories. As a result, Brent crude fell by about 1% to stand at $81.60 a barrel, while WTI crude dropped by more than 1.5% to settle at $76.64 a barrel.
read more... 15/02/2024
Daily (13.02.2024): Forward gas prices declined by about 5% on Monday due to a comfortable supply outlook
Oil prices ended mixed on Monday, with the market showing some relaxation after the recent surge. Nonetheless, geopolitical tensions persist. Consequently, Brent crude traded 0.2% lower at $82 a barrel, while WTI crude remained relatively stable to bullish at $76.92 a barrel.
read more... 13/02/2024