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Daily (31.05.2022): Oil prices hit two-month high on Monday amid easing restrictions in China, EU meeting
Crude oil prices extended gains, hitting two-month highs on Monday amid loosening COVID-19 restrictions in China and expectations that the European Union will eventually reach an agreement to ban Russian oil imports. Hence, Brent crude rose by $2.24, or 1.9%, to settle at $121.67 a barrel. U.S. WTI crude futures added 1.7%, to $116.86 a barrel.
read more... 31/05/2022
Daily (26.05.2022): Near-term gas prices continued to fall on Wednesday due to strong LNG supply and weaker gas-for-power demand
Oil prices increased slightly on Wednesday after official US data showed that oil stockpiles fell for the second week in a row, indicating that the global market is tightening. As a result, Brent crude rose 47 cents to $114.03 a barrel. WTI crude for July delivery in the United States rose 56 cents to $110.33 a barrel.
read more... 26/05/2022
Britons warned energy bills could jump another 40% in October
Household energy bills in Britain look set to surge by another 40% in October, the industry regulator warned on Tuesday, deepening a cost-of-living crisis that is piling pressure on the government to do more to help the poorest.
read more... 25/05/2022
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High gas prices deter Italian storage injections – analysts
Spiralling spot gas prices currently above levels for those next winter are deterring storage injections at Italian sites and delaying the replenishment of inventories, analysts told Montel this week.
read more... 14/04/2022
Daily (28.03.2022): Attacks by Yemeni rebels followed by a huge fire at Jeddah oil facilities sent oil prices higher on Friday
Oil prices strengthened on Friday, following news of a massive fire which broke out at oil facilities in Jeddah, Saudi Arabia, following attacks by Yemeni rebels. As a result, Brent crude and WTI oil both surged by 1.4% to $120.65 a barrel and $113.90 a barrel.
read more... 28/03/2022