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Daily (27.07.2023): European carbon prices erased all the gains made during the week as bearish fundamentals prevailed
On Wednesday, oil prices slightly declined as they responded to a smaller-than-expected decrease in US oil reserves and the expectation of an upcoming rate hike by the Federal Reserve. Thus, WTI crude settled at $78.78, down by 1% day-on-day, while Brent crude fell by about 1% to reach $82.92 a barrel.
read more... 27/07/2023
Daily (11.05.2023): Oil prices retreated on Wednesday amid an unexpected increase in U.S. commercial crude oil reserves
Oil prices retreated on Wednesday on the back of an unexpected increase in U.S. commercial crude oil reserves. The impasse over the U.S. debt ceiling also began to worry markets, further weighing on prices. Thus, Brent crude lost 1.3% to settle at $76.41 a barrel. WTI crude dropped by around 1.6% to $72.56 a barrel.
read more... 11/05/2023
Daily (24.03.2023): European carbon prices reached their highest intraday level in six days on Thursday amid continued compliance purchase and persistent buying
Oil prices ended a run of three consecutive bullish days on Thursday, dragged down by statements from the U.S. Energy Secretary, who postponed purchases of crude to rebuild U.S. strategic reserves until at least next year. Thus, Brent crude fell by 1% to $75.91 a barrel.
read more... 24/03/2023
Daily (09.03.2023): Oil prices lost ground on Wednesday on increased concerns over the impact of a U.S rate hike
On Wednesday, although the U.S. Energy Information Agency's (EIA) announced a decline in U.S. commercial crude oil reserves in the week ending March 3, after ten consecutive weeks of increases, oil prices lost ground as concerns grew stronger over the impact of a U.S rate hike. Brent crude edged 0.8% lower, to settle at $82.66 a barrel.
read more... 09/03/2023
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Healthy gas storage warms Europe, but not enough
As Europe emerges from a mild winter with gas storage close to record levels, it must brace for another costly race to replenish its reserves on the international market.
read more... 23/02/2023