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Asia is buying more Middle East crudes as price advantage widens
Middle East crude oil exporters are re-building market share in the key Asia region, a trend likely to continue as the price advantage of local grades against those from the Atlantic Basin jumps to the most in eight years.
read more... 03/11/2021
Europe Is Subsidizing Its Way Into Electric Vehicle Leadership
As Europe looks to lead the world in electric vehicle (EV) uptake, many governments are incentivizing the switch from traditionally-fuelled cars to electric alternatives, hoping to end the sale of petrol and diesel vehicles and get on the path to net-zero carbon emissions over the next decade. As major automotive manufacturers catch up with niche EV brands such as Tesla, Europe is ready to build up its EV market through incentives such as subsidies, free electric charging options, tax breaks, and a wide variety of EV options for consumers. Several European countries are now leading the way for EV promotion, racing to get ahead of rich Asian nations and North American competitors also looking to make the shift.
read more... 09/09/2021
Daily (08.09.2021): European front-year power contracts hit fresh all-time highs amid strong gas, coal
Crude oil futures retreated on Tuesday as Saudi Arabia’s sharp cuts in crude contract prices for Asia raised fears over slower demand, but strong Chinese economic data and U.S. output outages limited losses. Hence, Brent crude declined by 0.7% to settle at $71.69 a barrel. U.S. WTI crude lost 0.8% to end at $68.35 a barrel.
read more... 08/09/2021
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Daily (07.09.2021): German and French Cal’22 power hit all-time highs on Monday with gas and carbon heading higher in lockstep
Crude oil prices retreated on Monday as demand worries related to impacts by the coronavirus and its delta variant are put into the spotlight again after Saudi Arabia cut official selling prices to Asia. Hence, Brent crude shed by 1.8% to settle at $72.22 a barrel. U.S. WTI crude declined by 0.5% to close at $68.93 a barrel.
read more... 07/09/2021
Daily (11.08.2021): European day-ahead electricity prices hovered at around 100 EUR/MWh on Tuesday amid halving wind, spiralling gas prices, strong demand
Oil prices moved cautiously higher on Tuesday, recouping some of their losses in the previous session, as rising demand in Europe and the United States offset concerns over an increase in COVID cases in Asian countries. Hence, Brent crude rose by $1.59, or 2.3%, to settle at $70.63 a barrel. U.S. WTI crude settled $1.81, or 2.7%, higher at $68.29 per barrel. Both contracts dropped by around 2.5% on Monday, but analysts believe the pandemic turbulence will be short-lived.
read more... 11/08/2021