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EU extends bans on Russian crude oil, coal
The EU has extended its bans on Russian coal and seaborne crude oil imports by six months until 31 July as Russia’s war on Ukraine continues, it said on Monday.
read more... 30/01/2024
Daily (29.01.2024): Oil and gas prices rose on Friday amid concerns over escalating tensions in the Middle East
Oil prices closed higher on Friday following an attack on a British tanker by Yemeni Houthi rebels, reigniting concerns about potential disruptions to Middle Eastern oil supplies. Consequently, Brent crude settled 1.4% higher at $83.55, while WTI crude ended at $78.01 per barrel, marking around a 1% daily gain.
read more... 29/01/2024
Daily (26.01.2024): Oil prices surged to their highest levels since early December on the back of positive economic data from China and the U.S
Oil prices rose to their highest level since early December on Thursday, driven by encouraging economic data from the U.S. and stimulus actions in China. As a result, Brent crude ended at $82.43, while WTI crude closed at $77.36 per barrel, with both contracts jumping by about 3%.
read more... 26/01/2024
Daily (25.01.2024): Supply concerns and forecasts of a colder weather drove the energy complex higher on Wednesday
Oil prices rose by about 1% on Wednesday after the announcement of a massive contraction in US inventories amid the storm that hit the United States. Consequently, Brent crude settled at $80.04, while WTI crude settled at $75.09 per barrel.
read more... 25/01/2024
Daily (24.01.2024): Forward electricity prices rose by about 1% on Tuesday amid comfortable supply outlook and bearish gas prices
Oil prices edged down on Tuesday, with concerns about the health of demand outweighing possible supply disruptions. As a result, Brent crude ended at $79.55, while WTI crude settled at $74.37 per barrel, both contracts falling by about 0.6%.
read more... 24/01/2024