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Daily (18.03.2025): Gas prices dropped on Monday amid weaker demand, improved supply and warmer weather forecasts
Oil prices rose slightly on Monday, as escalating tensions in the Red Sea fuelled market concerns. United States strikes in Yemen and retaliatory attacks by Houthi rebels have heightened fears of a broader regional conflict, raising uncertainty over global energy supply.
read more... 18/03/2025
Daily (17.03.2025): Oil prices rebounded by 1% amid market optimism and technical Correction
Oil prices rose by 1% on Friday, driven by renewed optimism in financial markets and a technical rebound following a sharp decline in recent sessions.
read more... 17/03/2025
Daily (13.03.2025): Oil prices increased on Wednesday amid Unites States sanctions on Iran and Venezuela
Oil prices climbed by around 2% on Wednesday, supported by a weaker dollar and a downward revision of global supply forecasts by the U.S. Energy Information Administration (EIA). The agency now expects a decline in global oil stocks due to reduced crude output from Iran and Venezuela. This follows the U.S. reinstating sanctions on Iran's oil sector and revoking Venezuela's oil export license, heightening concerns over tighter supply.
read more... 13/03/2025
Daily (12.03.2025): British gas prices increased on Tuesday amid colder weather forecasts
Oil prices rose on Tuesday buoyed by a weaker dollar and tighter supply after the EIA revised its 2026 surplus forecast down from 1 million barrels per day to 0.5 million barrels per day, due to potential export cuts from OPEC members Venezuela and Iran. However, the rise was limited by worries about a U.S. economic slowdown and the effect of tariffs on global growth, following President Trump's announcement of an additional 25% tariff on Canadian steel and aluminum imports.Thus, Brent crude increased by 0.4% to end at $69.56 per barrel, while WTI edged higher 0. 3% higher at $66.25 per barrel.
read more... 12/03/2025
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UK to fast-track grid connection of clean energy projects
Britain will fast-track the connection of dozens of clean energy projects, including wind and solar power, to its electricity grid and will speed up the construction of new energy infrastructure, the government said on Monday.
read more... 12/03/2025