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Daily (11.10.2022): European carbon contracts fell on Monday due to the collapse of demand in the industrial and energy sectors
After five straight days of gains, crude oil prices fell as weak economic data fueled concerns about a worldwide recession and reduced demand for fuel. Thus, Brent crude decreased by 1.8% to settle at $96.19 a barrel. Meanwhile, U.S. WTI crude ended 1.6% lower at $91.13 a barrel.
read more... 11/10/2022
British energy supplier Octopus to pay customers to save power this winter
British energy supplier Octopus is launching a scheme to pay customers not to use electricity during times of high power demand to help prevent blackouts this winter, it said on Friday.
read more... 10/10/2022
Daily (03.10.2022): EUAs posted their smallest weekly movement in three months on Friday
The chance that OPEC+ will decide to cut supply of crude oil when it meets on October 5 contributed to a weekly rise in oil prices. Nevertheless, Brent crude fell by 0.6% to $87.96 a barrel on Friday, while WTI crude traded 2.1% lower to close at $79.49, on continued worries about global economic recession and low demand.
read more... 03/10/2022
Daily (27.09.2022): Oil prices declined on Monday recent increased interest rates by US Federal Reserve
Oil prices dropped on Monday, as the US Federal Reserve and the Bank of England increased interest rate. Moreover, fears of a recession suggested that demand could be destroyed. Consequently, Brent crude decreased by 2.4% to $84.06 a barrel, and WTI oil also fell by 2.5% to $76.71 a barrel.
read more... 27/09/2022
Daily (26.09.2022): Oil prices dropped to eight-month low on Friday amid recession fears
Oil prices fell to an eight-month low on Friday as the dollar reached its best level in more than two decades. Furthermore, fears that rising interest rates may send major countries into recession, would reduce demand for oil, thus weighing more on prices. Consequently, Brent crude settled 4.8% lower at $86.15 a barrel, while WTI crude decreased by 5.7% to settle at $78.74 per barrel.
read more... 26/09/2022