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Daily (01.03.2023): Oil prices rose due to optimism over rising demand in China.
Oil prices rose on Tuesday due to optimism over rising demand in China. Consequently, Brent crude increased by 1.7% to $83.89 a barrel and WTI oil closed 1.8% higher at $77.05 a barrel.
read more... 01/03/2023
Daily (21.02.2023): European spot power prices surged on Monday as low wind output and forecasts of colder weather boosted demand
Oil prices rebounded on Monday as attention shifted back to the fundamentals of supply and demand, with Russia's output expected to decline and China's reopening boosting slightly the demand. As a result, Brent crude oil gained 1.3% day-on-day to settle at $84.07 a barrel.
read more... 21/02/2023
China is taking control of LNG amid boom in global demand
A rush by China to sign new long-term liquefied natural gas deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming.
read more... 20/02/2023
Daily (09.02.2023): British gas prices tumbled on Wednesday amid predictions of warmer temperatures and healthy LNG supplies
Oil prices had a bullish evolution on Wednesday due to expectations that China's increased consumption of crude oil will further tighten the supply-demand balance in the market. Consequently, Brent crude rose by 1.7% to $85.09 a barrel and WTI oil increased by 1.7% to $78.47 a barrel.
read more... 09/02/2023
Daily (07.02.2023): Oil prices rose on Monday amid reviving demand from China.
Oil prices gained ground on Monday amid rising oil demand from China. Consequently, Brent crude rose by 1.3% to $80.99 a barrel and WTI oil increased by almost 1% to $74.11 a barrel.
read more... 07/02/2023