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Daily (25.03.2022): European front-year electricity prices gained ground on Thursday amid bullish carbon prices
Crude oil prices retreated on Thursday in the absence of confirmation on banning Russian oil by the European Union. News that exports from Kazakhstan's Caspian Pipeline Consortium (CPC) terminal may partially resume added further pressure. Hence, Brent crude decreased by 2.1%, to settle at $119.03 a barrel. U.S. West Texas Intermediate (WTI) crude lost 2.3%, to settle at $112.34.
read more... 25/03/2022
Daily (11.01.2022): EUAs dropped by 6% on Monday as auction supply resumed
Crude oil prices lost ground on Monday as supply issues in Kazakhstan and Libya attenuated, with traders watching the impact of coronavirus outbreaks in China. Hence, Brent crude fell by 88 cents, or 1.1%, to settle at $80.87 a barrel. U.S. West Texas Intermediate (WTI) crude decreased by 67 cents, or 0.9%, to end at $78.23.
read more... 11/01/2022
Daily (10.01.2022): The European energy complex weakened on Friday, amid outlooks for milder weather
Crude oil prices decreased slightly on Friday, as the situation in Kazakhstan somewhat subsided, after several days of clashes between demonstrators and the police, with the involvement of Russian troops. As such, Brent oil edged 0.3% lower at $81.75 a barrel and WTI crude slipped by 0.7% to $78.90 a barrel.
read more... 10/01/2022
Daily (07.01.2022): Oil prices hit their highest level since late November on Thursday
Oil prices continued their increase on Thursday, due to escalating unrest in Kazakhstan and supply outages in Libya. Furthermore, rising interest rates and concerns about demand in the US also lent support to prices. Thus, Brent crude futures surged by 1.5% to $81.99 a barrel and West Texas Intermediate (WTI) gained 2.1% at $79.46 a barrel. Both contracts hit their highest since late November.
read more... 07/01/2022
Oil production reaches a record high in Kazakhstan
Oil production in Kazakhstan reached a record high in the entire history of the development of the oil and gas industry in the country, the FinFeview reported.
read more... 04/02/2020