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Daily (08.12.2023): Gas and power forward prices extended gains on Thursday amid stronger demand and supply concerns due to colder weather
On Thursday, oil prices experienced a minor decline as the bearish sentiment persisted, driven by indications of weakened global demand, particularly from China, the largest oil importer globally. Nevertheless, declining U.S. stocks limited losses. Thus, Brent crude settled at $74.05 per barrel, while WTI crude closed at $69.34 per barrel.
read more... 08/12/2023
Daily (07.12.2023): Gas prices gained ground on Wednesday, supported by forecasts of stronger demand due to cold weather in the upcoming weeks
On Wednesday, oil prices plunged by around 4%, hitting a fresh five-month low, as the market struggled to identify catalysts for a potential rebound. Consequently, Brent crude ended at $74.30 per barrel, while WTI crude finished below the $70 threshold at $69.38 per barrel.
read more... 07/12/2023
Daily (30.11.2023): Gas prices tumbled on Wednesday, driven by falling demand and a well-supplied market
Oil prices increased by about 2% on Wednesday, driven by optimistic reports suggesting that the OPEC+ alliance is contemplating additional reductions in oil production. Consequently, Brent crude settled at $83.10 per barrel, while WTI crude ended at $77.86 per barrel.
read more... 30/11/2023
EU agrees new rules for investments into hydrogen infrastructure
Negotiations on the first leg of the EU’s new hydrogen and gas market rules concluded on Monday (27 November), clearing the way for investments into new infrastructure with a special carve-out for Germany’s municipal utilities.
read more... 29/11/2023
Daily (28.11.2023): Forward gas prices posted a 5% decline on Monday amid abundant supply
Oil prices ended the day lower on Monday, with the market doubting the ability of OPEC and its allies to curb the falling prices. Hence, Brent crude settled at $79.98 per barrel, while WTI crude stood at $74.86 per barrel, both contracts down by 1% day-on-day.
read more... 28/11/2023