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Daily (02.07.2021): German Cal'22 power extended 12-year highs on Thursday amid bullish fuels and carbon prices
Crude oil futures surged on Thursday, to close above $75 a barrel for the first time since 2018 as the OPEC+ deal was adjourned after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Hence, Brent crude rose by 1% to $75.84 a barrel, while U.S. WTI crude soared by 2.4% to $75.23 a barrel.
read more... 02/07/2021
Daily (14.06.2021): European power prices decreased on Friday amid strong renewable output and weaker CO2 markets
Oil prices rose on Friday, hitting fresh multi-year highs as an improved demand outlook continues to boost market sentiment. The rollout of the vaccine in North America as well as Europe is helping to restore demand, while crude supplies remain unchanged. Thus, Brent crude edged 0.2% higher at $72.69 a barrel. At the same time, WTI crude increased by 0.9% to settle at $70.91 a barrel.
read more... 14/06/2021
Daily (27.05.2021): Oil prices continued to rise on Wednesday amid lower U.S. crude inventories
The Energy Information Administration reported on Wednesday that U.S. crude inventories dropped by 1.7 million barrels for the week ended May 21, overshadowing concerns over the prospects for a return of Iranian crude supplies to the global market. Thus, Brent crude edged 0.3% higher at $68.87 a barrel, while the Amercian WTI crude closed 0.2% higher at $66.21 a barrel.
read more... 27/05/2021
Poland’s LNG Imports Again Jump as Russian Supplies Decline
Poland’s state-owned natural gas company said its liquefied natural gas (LNG) imports totaled 3.76 billion cubic meters (Bcm) in 2020, or 10% more than in 2019.
read more... 11/02/2021
Daily (05.02.2021): Oil prices extend gains, to hit their highest levels in a year amid OPEC commitment to curb supply
Oil prices rose on Thursday, to settle at their highest levels in over a year, propelled by OPEC+ commitment to restraint global supplies and falling U.S. inventories. However, the continued strengthening of the US dollar limited gains. Hence, Brent crude rose by 38 cents, or 0.7%, to settle at $58.84 a barrel. U.S. WTI crude increased by 54 cents, or 1%, to end at $56.23 a barrel.
read more... 05/02/2021