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Daily (06.02.2024): Gas prices tumbled by 3% on Monday amid ample supply and weaker demand
Oil prices rose on Monday as geopolitical risks outweighed economic concerns. Thus, Brent crude stood at $77.99, while WTI crude settled at $72.78 per barrel, with both contracts gaining about 1% day-on-day.
read more... 06/02/2024
Germany outlines $17 bln plan to subsidise gas-to-hydrogen shift
Germany's government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.
read more... 06/02/2024
Daily (01.02.2024): Carbon prices extended their gains on Wednesday, supported by colder weather and rising gas prices
Oil prices declined on Wednesday, weighed by a sluggish Chinese economy despite the many ongoing tensions around the world. As a result, Brent crude fell by about 1.4% to settle at $81.71, while WTI crude tumbled by about 2.5% to close at $75.85 per barrel.
read more... 01/02/2024
British regulator awards North Sea oil and gas licences
Britain's oil and gas regulator on Wednesday awarded 24 new hydrocarbon exploration licences to 17 companies as part of efforts to extend production in the ageing basin.
read more... 01/02/2024
Daily (31.01.2024): Gas prices gained ground on Tuesday as outage at Freeport LNG raised supply concerns
Oil prices ended mixed on Tuesday as concerns over global oil demand offset ongoing supply concerns due to Middle East tensions. Consequently, Brent crude rose by about 0.6% to settle at $82.87, while WTI crude retreated by about 0.5% to close at $77.82 per barrel.
read more... 31/01/2024