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EU drafts plan to reduce gas consumption ahead of uncertain winter
The European Commission is drafting plans to help EU countries reduce fossil gas demand and, if necessary, curtail consumption in the face of “a likely deterioration of gas supply outlook” this winter, according to leaked policy proposals seen by EURACTIV.
read more... 15/07/2022
Daily (12.07.2022): German Cal23 power price firmed on Monday amid strong coal, supply concerns
Oil prices barely changed on Monday as the markets weighed persistent supply shortage worries against an anticipated decline in demand driven by extensive COVID-19 testing in China. Hence, Brent crude ended rather flat to settle at $107.10 a barrel, while U.S. WTI crude slipped by 0.7%, to settle at $104.09 a barrel.
read more... 12/07/2022
(Daily 11.07.2022): Oil prices increased on Friday due to still tight global fuel supplies
Oil prices increased on Friday due to still tight global fuel supplies, even though investors remained concerned about a possible drop in demand due to recession. Thus, Brent crude soared by 2.3% to settle at $107.02 a barrel, while WTI soared by 2% at $104.79 a barrel.
read more... 11/07/2022
(Daily 07.07.2022): Oil prices dropped to a 12-week low on Wednesday
Oil prices dropped to a 12-week low on Wednesday amid increased fears that energy demand might be impacted by a probable global economic recession. Thus, Brent crude decreased by 2% to settled at $100.69 a barrel, while WTI crude fell by around 1% to $98.53 per barrel.
read more... 07/07/2022
(Daily 06.07.2022): Oil prices saw their biggest daily drop since March on Tuesday
On Tuesday, oil prices saw their biggest daily drop since March, as lockdowns in China and mounting concerns about a world recession reduced demand. Brent crude fell by 9.5% to settle at $102.77 a barrel, while WTI crude dropped by 9.9% to $99.5 a barrel.
read more... 06/07/2022