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Daily (08.08.2023): Germany recorded seven hours of negative power with a low of -9.99 EUR /MWh amid elevated wind output
Crude oil prices fell on Monday as a result of reduced demand for gasoline in the US, following the end of the summer driving season. Furthermore, the expansion of Chinese strategic oil reserves added downward pressure on prices. Thus, Brent crude dropped by 1.1% to end at $85.34 a barrel. Meanwhile, U.S. WTI crude declined by over 1% to settle at $81.94 a barrel.
read more... 08/08/2023
Daily (02.08.2023): European carbon prices hit a seven-week low on Tuesday amid heavy selling
Oil prices retreated on Tuesday, affected by a further acceleration in the dollar and a disappointing Chinese indicator: China’s industrial activity contracted in July to its lowest level for six months, while economists were expecting a slight expansion. Thus, WTI crude ended 0.5% lower at $81.37 a barrel, while Brent crude fell by 0.8% to settle at $84.91 a barrel.
read more... 02/08/2023
Daily (26.07.2023): Oil prices surged to a three-month high on Tuesday, driven by China's new stimulus measures
Oil prices surged for the fourth consecutive session on Tuesday, hitting a three-month peak, driven by indications of reduced oil supplies and reassurance from Chinese authorities about their commitment to strengthen the economy, leading to a positive market sentiment. Thus, WTI crude traded 1.1% higher at $79.63 a barrel, while Brent crude rose by 1% to settle at $83.64 a barrel.
read more... 26/07/2023
Daily (20.07.2023): European carbon prices reached a two-week high amid upcoming cuts in auction volumes
On Wednesday, crude oil prices slipped on concerns about Chinese and US demand. Hence, Brent crude edged 0.2% lower at $79.46 a barrel, while WTI crude decreased by about 0.5% to settle at $75.35 a barrel.
read more... 20/07/2023
Daily (14.06.2023): Gas prices soared on Tuesday as Nyhamna's gas outage was extended by more than three weeks
Crude oil prices gained ground on Tuesday on the back of lower-than-expected US inflation figures, which raised hopes of a pause in the Federal Reserve's interest rate hike. In addition, speculation about further Chinese economic recovery lent support. Hence, Brent crude increased by 3.4% to settle at $74.29 a barrel. At the same time, WTI crude traded 3.4% higher at $69.42 a barrel.
read more... 14/06/2023