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Daily (02.12.2021): European carbon prices gained nearly 2% on Wednesday, reaching a new record level amid bullish energy markets
Oil prices lost ground on Wednesday, pressured by lingering coronavirus fears. Moreover, prices suffered as OPEC+ members delayed their decision on whether to further raise their crude production or not. Thus, Brent oil fell by 2.4% to $68.87 a barrel and WTI crude ended 0.9% down at $65.57 a barrel.
read more... 02/12/2021
Daily (09.11.2021): British gas prices continued to gain ground on Monday as relatively low flows from Russia erased hopes of supply increase
Crude oil prices continued to climb on Monday, primarily following the decision from OPEC to hold back on production despite calls for increased output. The passage of a $1 trillion U.S. infrastructure spending package and news that Saudi Arabia lifted prices for crude exports lent further support to crude prices.
read more... 09/11/2021
Daily (06.10.2021): Brent crude at three-year high, WTI at seven-year high on Tuesday as OPEC sticks to output plan
Oil prices continued to rally on Tuesday following OPEC+'s decision to maintain a policy of measured monthly production increases, lifting the international crude benchmark to a three-year high. Hence, Brent crude settled up $1.30, or 1.6%, at $82.56 a barrel. U.S. West Texas Intermediate (WTI) oil closed up $1.31, or 1.7%, at $78.93 a barrel, hitting its highest level since 2014.
read more... 06/10/2021
Daily (05.10.2021): European electricity prices rocketed on Monday amid low renewables output, surging gas prices
Oil prices prolonged their rally, to hit a three-year high on Monday following OPEC+ decision to stick with its current output policy as demand for petroleum rebounds. Hence, Brent crude soared by $1.98, or 2.5%, to settle at $81.26 a barrel. U.S. WTI crude settled up $1.74, or 2.3%, to $77.62 a barrel.
read more... 05/10/2021
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NS2 operator certification unlikely until 2022
German energy regulator Bnetza has until early January to reach and publish a draft decision on the 55bn m³/yr Nord Stream 2 project developer's application to act as the line's operator, with a final decision not likely until summer 2022.
read more... 14/09/2021