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Daily (18.04.2024): Oil prices tumbled by over 3% on Wednesday, weighed by rising US inventories and easing war fears
Oil prices tumbled on Wednesday, dragged down by signs of restraint from Israel in its response to the Iranian attack, as well as a further unexpected jump in US crude inventories. Consequently, Brent crude stood at $87.29 a barrel, while WTI crude reached $82.69 a barrel, with both contracts dropping by around 3% day-on-day.
read more... 18/04/2024
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Daily (17.04.2024): Carbon prices continued their rally, surpassing 73 EUR/tonne
Oil prices remained steady on Tuesday while traders awaited Israel's response to an Iranian attack on its territory over the weekend. Brent crude settled at $90.02 a barrel, while WTI crude stagnated at $85.36 a barrel.
read more... 17/04/2024
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Italy plans to become EU gas hub by 2027
Italy plans to become a gas hub for EU neighbours within three years by harnessing energy from North Africa amid the current geopolitical turmoil threatening supply, said energy minister Pichetto Fratin on Tuesday.
read more... 17/04/2024
Daily (16.04.2024): Day ahead power contracts rocketed on Monday amid low renewables
Oil prices fell slightly on Monday as the Iranian attack on Israel appeared to be less destructive than anticipated. Brent crude decreased by 0.4% to $90.10 a barrel, while WTI crude experienced a 0.3% drop to settle at $85.41 a barrel.
read more... 16/04/2024
Daily (15.04.2024): Carbon prices surpassed the 70 EUR/tonne mark on Friday
Oil prices rose on Friday to their highest level in more than five months, boosted by the prospect of an Iranian retaliation against Israel and the possibility of a disruption in the supply of black gold. Brent crude increased by 1% to $90.45 a barrel, while WTI crude experienced a similar 1% rise to $85.66 a barrel.
read more... 15/04/2024