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Daily (02.02.2022): UK gas prices declined on Tuesday following a rise in natural gas supplies to Europe
Crude oil prices were steady to bearish on Tuesday, as the market remained cautious ahead of the Organisation of the Petroleum Exporting Countries (Opec) and its Opec+ partners meeting, as well as the release of US inventories. Thus, Brent crude declined by 2.3% to settle at $89.16 a barrel. Meanwhile, the American WTI crude price steadied at $88.20 a barrel.
read more... 02/02/2022
Daily (01.02.2022): UK gas prices eased on Monday on forecasts for warmer weather next month
Oil prices edged up on Monday, trading near seven-year highs, as investors await that supplies will stay tight, due to limited production rise by major oil producers and a strong recovery in fuel demand. Tensions between Russia and the West also underpinned crude prices, which soared by about 17% in January, the biggest monthly gain since February 2021. As such, Brent crude price rose by 1.3% to settle at $91.21 a barrel. The American WTI crude closed 1.5% higher at $88.15 a barrel.
read more... 01/02/2022
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EU in touch with partners to boost gas supplies
The European Union is talking with partners about the potential for increasing gas supplies to the bloc, Energy Commissioner Kadri Simson said after a meeting with European energy ministers in France on Saturday.
read more... 25/01/2022
Daily (16.11.2021): British gas prices increased on Monday as Russia failed to book additional transit capacity through Ukraine
Crude oil prices struggled for direction on Monday amid uncertainty whether crude supplies will increase and demand will be constrained by the recent surge in energy costs and rising COVID-19 cases. Hence, Brent crude softened by 0.2% to settle at $82.05 a barrel. At the same time, U.S. WTI crude added 0.1% to and at $80.88 a barrel.
read more... 16/11/2021
Daily (03.11.2021): British gas prices climbed on Tuesday amid low supplies from Russia, weak wind generation
Crude oil prices moved sideways on Tuesday ahead of weekly U.S. supply reports expected to show a rise in crude inventories and ahead of OPEC+ meeting. Hence, Brent crude ended rather flat at $84.72 a barrel. U.S. WTI crude lost 0.2% to end at $83.91 a barrel.
read more... 03/11/2021