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Daily (28.08.2023): Supply concerns and stronger dollar pushed oil prices higher on Friday, despite gloomy global economic outlook
Oil prices edged up on Friday as supply concerns and a stronger dollar outweighed the worsening global economic outlook. Thus, Brent crude rose by 1.3% to settle at $84.48 a barrel, while WTI crude gained about 1% at $79.83 a barrel.
read more... 28/08/2023
Daily (22.08.2023): French spot power surged dramatically by about 74% amid nuclear capacity cuts due to heatwave
Crude oil prices notched a small decrease on Monday despite lower-than-expected exports from Saudi Arabia and Russia. Additionally, global economic concerns weighed on prices. Thus, Brent crude edged 0.4% lower at $84.46 a barrel. Meanwhile, U.S. WTI crude fell by 0.7% to settle at $80.72 a barrel.
read more... 22/08/2023
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European gas prices rise on growing prospect of Australian LNG strike
European natural gas prices jumped in volatile trading on Monday as the prospect of a strike at a liquefied natural gas producer in Australia intensified fears of disruption to global supplies.
read more... 22/08/2023
Daily (15.08.2023): European carbon prices reached a two-week high on Monday amid forecasts of a heatwave and dropping renewables generation
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023
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IEA forecasts slower global oil demand growth in 2024
World oil demand growth will slow next year compared with this year when a record 102.2m bbl/day of crude oil will be consumed, the International Energy Agency said on Friday.
read more... 15/08/2023