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Daily (28.12.2021): Oil prices climbed to their highest levels since November as Omicron concerns eased
Crude oil prices soared to their highest level since Nov. 26 on Monday, supported by hopes that the impact of the new Coronavirus mutant “Omicron” will be limited on global demand in 2022. Oil is heading for a yearly gain after a robust rebound from the pandemic, but the rally was curbed in recent weeks, in part due to concerns about Omicron. Hence, Brent crude rose by $2.46, or 3.2%, to settle at $78.60 a barrel. U.S. WTI crude increased by $1.78, or 2.4%, to settle at $75.57 a barrel.
read more... 28/12/2021
Daily (20.12.2021): European carbon prices lost nearly 14% on Friday, on liquidated market positions ahead of the Dec21 EUA expiry
Crude oil prices ended lower on Friday, weighed by concerns over demand for black gold amid a rising number of Covid-19 Omicron variant infections. Consequently, Brent oil dropped by 2% to $73.52 a barrel and WTI crude fell by 2.1% to $70.86 a barrel.
read more... 20/12/2021
Daily (15.12.2021): Oil prices extended losses on Tuesday amid Omicron variant outbreak, bearish oil demand forecast from IEA
Crude oil prices continued to lose ground for a second straight day on Tuesday. Apart from the ongoing Omicron virus concerns, the losses were attributed to fears of a global oversupply. Moreover, the International Energy Agency (IEA) lowered its forecast for oil demand this year and the next by 100,000 barrels per day each. Hence, Brent crude fell by 69 cents, or 0.9%, to settle at $73.70. U.S. WTI crude settled down 56 cents, or 0.8%, at $70.73 a barrel.
read more... 15/12/2021
Daily (14.12.2021): European electricity prices hit new record-highs on Monday amid cold weather forecasts, bullish sentiment across gas market
Crude oil prices lost ground on Monday as doubts about the effectiveness of vaccines against the Omicron variant counterbalanced a bullish forecast for oil demand in the first quarter by OPEC. Hence, Brent crude fell by 76 cents, or 1.0%, to settle at $74.39 a barrel. U.S. WTI crude dropped by 38 cents, or 0.5%, to settle at $71.29 a barrel.
read more... 14/12/2021
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Southern Norway seen tipping into power deficit by 2026
Norway's power production surplus is expected to fall significantly by 2026, with the south of the country moving into deficit owing to rapidly increasing demand, power grid operator Statnett said on Friday.
read more... 13/12/2021