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Daily (19.02.2021): UK gas prices surged on Thursday amid diminishing storage levels, supportive technical indicators and stronger carbon prices
Oil prices retreated on Thursday, ending three sessions of increases, despite a larger than expected drop in crude stocks in the United States. The decline came amid speculation that OPEC+ may discuss an increase in production at their meeting early next month. Hence, Brent crude lost 41 cents, or 0.6%, to settle at $63.93 a barrel. U.S. WTI crude fell by 62 cents, or 1%, to settle at $60.52 a barrel.
read more... 19/02/2021
Daily (18.02.2021): Carbon EUAs dropped by 2% on Wednesday, tracking a weaker energy complex
Crude oil prices resumed their bullish trend on Wednesday, lifted by supply disruptions due to a historic cold spell in the United States. As such, Brent crude ended 1.6% higher at $64.34 a barrel and WTI oil rose by 1.8% to $61.14 a barrel.
read more... 18/02/2021
EU eyes two-thirds renewable gas by 2050
The consultation, which will run until 10 March, is part of a hydrogen and gas markets "decarbonisation" package, a proposal for which is expected by the end of June.
read more... 12/02/2021
Daily (11.02.2021): Carbon prices above €39-mark, German spot power at 2-year high on Wednesday
Wednesday saw another session of growth for crude oil prices, as the weekly EIA report showed a drop in US crude stocks, while global demand is slowly increasing. As such, both Brent and WTI crude gained 0.6% to settle at $61.47 a barrel and $58.68 a barrel, respectively.
read more... 11/02/2021
Daily (08.02.2021): European carbon prices gained 2.5% on Friday, reaching another record-high
Oil prices edged higher on Friday, as OPEC members maintained optimism regarding recovery of global demand for black gold, at the same time continuing to enforce supply control policies. As a result, Brent crude increased by 0.9% to $59.34 a barrel, and WTI oil closed 1.1% higher at $56.85 a barrel.
read more... 08/02/2021