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Daily (05.02.2024): Oil prices extended losses on Friday amid surging U.S. employment concerns and Fed policy worries

Oil prices extended losses on Friday, with the market under pressure of a higher-than-expected U.S. employment figure, sparking concerns that the Fed may keep its tight policy in place longer than initially expected. Consequently, Brent crude declined by about 2% to settle at $77.33, while WTI crude tumbled by over 2% to settle at $72.28 per barrel.

read more... 05/02/2024

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Daily (02.02.2024): European carbon prices plunged by 3% on Thursday, weighed by sluggish demand and ample supply

On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.

read more... 02/02/2024

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Timing opportune for European renewable power supply deals

Prices of European power purchase agreements (PPA) for green electricity fell 2% in the fourth quarter of 2023, making a case for buyers to strike new deals ahead of an expected rise in demand, price tracking platform LevelTen said on Thursday.

read more... 02/02/2024

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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

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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

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