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Daily (21.12.2022): Carbon prices surpassed the 90 EUR/tonne threshold on Tuesday amid steady buying in thin trade
Crude oil prices increased modestly on Tuesday, spurred by a softer dollar and a U.S. plan to restock petroleum reserves. However, gains were capped by uncertainty over the impact of rising COVID-19 cases China. Brent crude added 0.2%, to settle at $79.99 per barrel. Meanwhile, U.S. WTI crude rose by 1.4% to $76.23 per barrel.
read more... 21/12/2022
Daily (20.12.2022): European gas and power prices fell on Monday as cold weather eases
Crude oil prices increased on Monday amid renewed optimism of China easing Covid restrictions. The news that the U.S. will start to buy crude to fill their Strategic Petroleum Reserve has lent further support to oil markets. Hence, Brent crude gained about 1% to settle at $79.80 a barrel. Meanwhile, U.S. WTI crude rose by 1.2% cents to end at $75.19 a barrel.
read more... 20/12/2022
Daily (14.11.2022): Oil prices rose on Friday due to stronger demand from China
The world's largest petroleum importer, China, is expected to experience increased economic activity and demand after the country's COVID-19 restrictions were partially loosened by the Chinese government. Consequently, oil prices rose on Friday, with Brent crude settling 2.5% higher at $95.99 a barrel. WTI was seen rising by 2.9% to $88.96 per barrel.
read more... 14/11/2022
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Daily (24.08.2022): Oil prices rose on Tuesday following Saudi Arabia suggestion to cut OPEC output
Tuesday saw an increase in oil prices following Saudi Arabia's suggestion that output from OPEC+ be cut to sustain prices if Iranian petroleum returns. The likelihood of a reduction in U.S. stocks supported the price of Brent crude oil, which ended 3.9% higher at $100.22. WTI crude increased by 3.7% to $93.74.
read more... 24/08/2022
Daily (27.07.2022): NBP gas prices rose significantly as a result of the EU's decision to reduce gas demand by 15%
Oil prices decreased on Tuesday as investors worried about dwindling consumer confidence and prepared for the release of an additional 20 million barrels of crude oil from the US Strategic Petroleum Reserve. As such, WTI crude diminished by 1.8% to settle at $94.98 per barrel. At the same time, Brent crude ended 0.7% down at $104.40 a barrel.
read more... 27/07/2022