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Daily (09.08.2022): Long-term gas prices fell in line with lower carbon prices and amid strong storage injections
Crude oil prices rebounded from multi-months lows touched last week as upbeat economic data from China and the United States fed hopes for a stronger demand despite persisting fears of a recession. Thus, Brent crude rose by 1.8%, to settle at $96.65 a barrel, WTI crude increased by 2% to $90.76.
read more... 09/08/2022
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Germany likely to miss gas storage target without additional measures
If reduced Russian gas flows through Nord Stream 1 pipeline to Germany remain at the current level, Germany might not hit its gas storage target by November.
read more... 09/08/2022
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EU plan to cut gas use by 15% set to come into effect
An EU plan to cut gas consumption across the bloc by 15 per cent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday (9 August).
read more... 09/08/2022
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France tweaks rules to keep nuclear plants running during heatwave
France's nuclear power regulator has extended temporary waivers allowing five power stations to continue discharging hot water into rivers as the country contends with a fourth heatwave of the summer and an energy crisis.
read more... 09/08/2022
Daily (08.08.2022): Oil prices ended the week at their lowest levels since February
Strong U.S. job market growth helped oil prices recover some of their losses last week, but they still ended the week at their lowest levels since February due to concerns that a recession could affect fuel demand. As such, Brent crude oil price rose by 0.9% to $94.92, while WTI crude ended 0.5% higher to settle at $89.01.
read more... 08/08/2022