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Daily (01.02.2024): Carbon prices extended their gains on Wednesday, supported by colder weather and rising gas prices
Oil prices declined on Wednesday, weighed by a sluggish Chinese economy despite the many ongoing tensions around the world. As a result, Brent crude fell by about 1.4% to settle at $81.71, while WTI crude tumbled by about 2.5% to close at $75.85 per barrel.
read more... 01/02/2024
Daily (31.01.2024): Gas prices gained ground on Tuesday as outage at Freeport LNG raised supply concerns
Oil prices ended mixed on Tuesday as concerns over global oil demand offset ongoing supply concerns due to Middle East tensions. Consequently, Brent crude rose by about 0.6% to settle at $82.87, while WTI crude retreated by about 0.5% to close at $77.82 per barrel.
read more... 31/01/2024
Daily (30.01.2024): European carbon prices plummeted to 22-month low on Monday amid speculative selling and sluggish demand
On Monday, oil prices fell on Monday as concerns about heightened tensions in the Middle East were balanced out by the liquidation of China's major real estate developer, perceived as a discouraging indication for demand. As a result, Brent crude settled 1.4% lower at $82.40, while WTI crude dropped by about 1.6% to stand at $76.78 per barrel.
read more... 30/01/2024
Equinor, Orsted bid for better contract in NY offshore wind auction
New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.
read more... 29/01/2024
Daily (29.01.2024): Oil and gas prices rose on Friday amid concerns over escalating tensions in the Middle East
Oil prices closed higher on Friday following an attack on a British tanker by Yemeni Houthi rebels, reigniting concerns about potential disruptions to Middle Eastern oil supplies. Consequently, Brent crude settled 1.4% higher at $83.55, while WTI crude ended at $78.01 per barrel, marking around a 1% daily gain.
read more... 29/01/2024