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Daily (03.01.2024): Gas prices declined on Tuesday amid anticipated warm weather and abundant supply
Despite ongoing tensions in the Red Sea related to shipping, oil prices experienced a decline of more than 1.5% on Tuesday. The upward surge of the dollar also put pressure on prices. Consequently, Brent crude ended at $75.89, and WTI crude stood at $70.38 per barrel.
read more... 03/01/2024
Daily (22.12.2023): Geopolitical situation driven by Red Sea shipping disruptions boosted forward gas and electricity prices on Thursday
On Thursday, oil prices experienced a decline, influenced by concerns that the demand for oil could be undermined in the coming year by the possibility of an economic recession. Additionally, the downward pressure on prices was exacerbated by Angola's announcement of its withdrawal from the OPEC. As a result, Brent crude closed at $79.39, and WTI crude settled at $73.89 per barrel, both contracts edging around 0.4% lower.
read more... 22/12/2023
Daily (21.12.2023): European carbon prices marked their largest daily gain in 11 months on Wednesday, driven by fund position adjustments and bullish gas prices
On Wednesday, oil prices sustained their upward trend, partially influenced by tensions in the Red Sea. However, the increase in US crude and gasoline inventories limited the gains. Consequently, Brent crude rose by around 0.6% to close at $79.70, and WTI crude ended at $74.22 per barrel, 0.4% higher day-on-day.
read more... 21/12/2023
Daily (20.12.2023): Forward gas prices fell back on Tuesday as bearish fundamentals outweighed supply risks
Oil prices rose on Tuesday, supported by the risk of attacks on ships in the Red Sea and supply disruptions. Consequently, Brent crude settled at $79.23, and WTI crude closed at $72.47 per barrel, both contracts trading around 2% higher day-on-day.
read more... 20/12/2023
EU to extend emergency gas price cap for another year
The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a safeguard against possible energy price shocks, after energy ministers backed the plan on Tuesday.
read more... 20/12/2023