Latest news
.jpg)
OPEC+ needs to be careful in policy to balance market amid Q1 demand softening: UAE
OPEC+ needs to be careful in implementing its policy because it needs to balance the market amid forecasts of softening demand in the first quarter of 2022, the UAE's energy minister said on Nov. 8.
read more... 08/11/2021
.jpg)
OPEC+ rebuffs U.S. calls for speedier oil output increases
OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December, despite calls from the United States for extra supply to cool rising prices.
read more... 05/11/2021
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
Daily (02.11.2021): German, French spot electricity prices hovered at above 200 EUR/MWh on Monday amid low renewable generation
Crude oil prices increased slightly on Monday amid expectations that OPEC+ would stick to existing production quotas at their meeting on Thursday. Hence, Brent crude added 0.4% to settle at $84.71 a barrel. U.S. WTI crude ended at 84.05 a barrel, increasing by 0.6% day-on-day.
read more... 02/11/2021
Daily (29.10.2021): Gas markets lost significant ground on Thursday, following President Putin statement on higher flows from Russia in November
Oil prices extended losses on Thursday, on previous news of an increase in US crude reserves. However, the market recovered as OPEC+ announced forecasts of a larger-than-expected drop in global stocks this year. Hence, Brent oil slipped by 0.3% to $84.32 a barrel and WTI crude edged 0.2% higher at $82.81 a barrel.
read more... 29/10/2021