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Daily (04.10.2021): Oil prices gained 1% on Friday, supported by stronger demand and higher US equities
Crude oil prices increased on Friday, on the back of stronger demand and a rise in US equities. However, gains were limited by the prospect of the OPEC+ meeting on Monday where producing countries could decide to increase their production. Hence, Brent oil closed 1% higher at $79.28 a barrel and WTI crude rose by 1.1% to $75.88 a barrel.
read more... 04/10/2021
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Power firms, investors, complain to EU about Spanish profit claw-back
Power firms including wind energy leader Iberdrola and investors have complained to European officials about a Spanish move to claw back company profits and channel them to consumers hit by high energy prices, a letter seen by Reuters showed.
read more... 04/10/2021
BP, Eni seek to raise $2 bln for Angola joint venture
BP and Eni are seeking to raise up to $2 billion for their emerging oil and gas joint venture in Angola as they look to reduce debt to help build up renewables businesses, banking and industry sources said.
read more... 04/10/2021
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Germany launches nationwide gas trading hub THE
Germany launched a nationwide gas market trading hub, Trading Hub Europe (THE), on Friday after merging its two existing hubs to boost liquidity and simplify administration.
read more... 04/10/2021
Daily (01.10.2021): British gas prices saw an unstoppable rally on Thursday amid supply fears ahead of the coming winter
Crude oil prices diverged but ended little changed on Thursday as a report showing China is ready to buy more oil to meet energy demand counterbalanced price pressure from an unexpected rise in U.S. crude inventories and a strong dollar. Hence, Brent crude steadied at $78.52 a barrel. U.S. WTI crude rose by 0.3% to $75.03 a barrel.
read more... 01/10/2021