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Daily (25.08.2022): Oil prices increased on Wednesday on concerns that the US will not consider more Iran concessions
Oil prices increased after a tumultuous trading session on Wednesday on concerns that the US will not take into account more Iran concessions in response to a draft agreement that would reinstate Tehran's nuclear agreement and maybe the OPEC member's crude exports. Consequently, WTI crude gained 1.2% to settle at $94.89. Brent crude oil increased by 1% to end at $101.22.
read more... 25/08/2022
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Nordic TSOs urge Norway to drop export restrictions
TSOs in Denmark, Sweden and Finland on Thursday called on Norway to drop plans to impose limits on power flows out of the country amid the ongoing wider energy crisis in Europe.
read more... 22/08/2022
Daily (18.08.2022): European carbon market soared to six-month high on Wednesday amid limited auction supply and rallying related markets
Crude oil prices rebounded on Wednesday as concerns over rising Russian output and exports as well as recession fears were outweighed by a steeper-than-expected drawdown in U.S. crude stocks. Hence, Brent crude rose by $1.31, or 1.4%, to settle at $93.65 per barrel. U.S. WTI crude increased by $1.58, or 1.8%, to close at $88.11 per barrel.
read more... 18/08/2022
Russia sees 38% rise in energy export earnings this year
Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters.
read more... 18/08/2022
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Russia's Gazprom warns European gas prices could climb a further 60%
Russian state gas company Gazprom said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres this winter, as the company's own export and production continues to fall amid Western sanctions.
read more... 17/08/2022