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Daily (10.12.2021): British gas prices fell on Thursday amid a rebound in Norwegian flows, mild weather, bearish carbon
Oil prices erased some of this week’s gains on Thursday as England, Denmark, and China imposed new restrictions to curb the spread of Omicron, ruining the demand recovery. Adding to the bearish sentiment, two Chinese real estate companies went through a rating downgrade, indicating China’s deteriorating economic growth. Hence, Brent crude fell by $1.40, or 1.9%, to settle at $74.42 a barrel. U.S. WTI crude declined by $1.42, or 2%, to end at $70.94 a barrel.
read more... 10/12/2021
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Sweden fires up oil-fired generating capacity to supply high-demand Poland
Sweden has fired-up the 662-MW Karlshamn oil-fired plant to help meet Poland's power demand needs on Dec. 6, the country's grid operator Svenska Kraftnat (SvK) said Dec. 6.
read more... 07/12/2021
Daily (29.11.2021): New Omicron variant of Covid-19 sent most of the energy prices lower on Friday
Oil prices plummeted on Friday, following reports of a new Covid-19 variant emerging in South Africa, which raised fears over the possible economic and demand impact. Consequently, Brent oil fell by 11.6% to $72.72 a barrel and WTI crude plunged by 12.7% to $68.15 a barrel.
read more... 29/11/2021
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EU gas market overhaul puts consumers, hydrogen at the centre
A draft European Commission proposal to overhaul the EU gas market introduces new rights for consumers to choose their supplier but stops short of setting the targets demanded by industry to ramp up the consumption of renewable and low-carbon gases.
read more... 24/11/2021
Daily (23.11.2021): European carbon prices climbed to a new record high on Monday despite gas declines
Crude oil prices rebounded to some extent on Monday but remained under pressure after Japan said it was considering releasing oil reserves and as the COVID-19 situation in Europe deteriorated, raising concerns about both oversupply and weak demand. The gains were attributed to new rumors that the OPEC countries, especially Saudi Arabia, are reconsidering the production agreement they reached a few weeks ago, if the US and China indeed release oil reserves
read more... 23/11/2021