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Daily (31.08.2023): Carbon prices added almost 2% gain on stronger Polish auction
Crude oil prices had another daily rise on Wednesday driven by supply tightening concerns, as OPEC members need to decide on further potential output cuts in September. Hence, Brent crude rose by 0.4% to settle at $85.86 a barrel.
read more... 31/08/2023
Daily (10.08.2023): Gas prices rocketed on Wednesday following potential LNG supply disruptions
Oil prices rallied on Wednesday, with WTI hitting ten-month highs, benefiting from both a weaker dollar and a return of risk appetite, against a backdrop of tighter supply from OPEC+. As a result, Brent crude increased by 1.6% to $87.55 a barrel, while WTI crude rose by about 2% to settle at $84.40 a barrel.
read more... 10/08/2023
Daily (25.07.2023): Oil prices climbed by over 2% on Monday to levels not seen since April
Crude oil prices gained ground on Monday following hopes for new stimulus measures in China and OPEC's production cuts. Additionally, rising demand of US gasoline bolstered prices. Thus, Brent crude rose by 2.1% to end at $82.74 a barrel. Meanwhile, U.S. WTI crude increased by over 2% as well, to settle at $78.74 a barrel.
read more... 25/07/2023
Daily (12.07.2023): Oil prices rose by over 2% on Tuesday as production cuts by OPEC+ offset worries about the global economic outlook
Oil prices rose on Tuesday as production cuts by OPEC+ and a slight decline in the value of the US dollar counterbalanced worries about the global economic situation, which included indications of reduced demand from China. Thus, WTI crude traded 2.5% higher at $74.83 a barrel, while Brent crude increased by 2.2% to settle at $79.40 a barrel.
read more... 12/07/2023
Global energy demand to rise 23% by 2045
Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday.
read more... 12/07/2023