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The IEA Expects Global Oil Demand Hit A Record High In 2023
Global oil demand is set to increase by 2 million barrels per day (bpd) this year, pushed up by growth in Chinese consumption after the reopening, the International Energy Agency (IEA) said on Wednesday as it raised its 2023 demand growth estimate by 100,000 bpd from last month’s forecast.
read more... 16/02/2023
EU leaders agree targeted, temporary support for green industry
European Union leaders agreed on Friday they should allow "targeted, temporary and proportionate" support to ensure Europe's future as a manufacturing base for green tech products and counter U.S. and Chinese competition.
read more... 10/02/2023
Daily (08.02.2023): European spot electricity prices fell on Tuesday amid strong wind generation.
Oil prices rose for the second consecutive day on Tuesday, partly due to the closure of a Turkish export terminal following the earthquakes that struck Turkey and Syria on Monday. However, the main driver of the increase was expectations of a recovery in Chinese demand. As a result, Brent crude increased by 3% to $83.69 a barrel and WTI oil rose by 4% to $77.14 a barrel.
read more... 08/02/2023
Daily (27.01.2023): European carbon prices surged to a weekly high of above 89 EUR/t amid bullish technical drivers
Strong U.S. economic data and the assumption that the reopening of the Chinese economy would boost demand led to an uptick in oil prices on Thursday. As a result, Brent crude oil ended approximately 2% higher at $87.47 a barrel. U.S. WTI crude finished at 81.01 USD/bbl, rising by 1% day-on-day.
read more... 27/01/2023
Daily (20.01.2023): Oil prices climbed to their highest close since Dec. 1 amid optimism over Chinese economic recovery
Crude oil prices increased to hit their highest levels since December 1, as the bullishness on China reopening and the demand recovery outweighed recessionary fears. Hence, Brent crude rose by $1.18, or 1.4%, to settle at $86.16 per barrel. U.S. WTI crude added 85 cents, or 1.1%, to settle at $80.33 per barrel.
read more... 20/01/2023