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Daily (22.06.2022): British gas prices saw a relentless rise on Tuesday amid reduced flows from Russia, outages in the Norwegian production
Crude oil prices increased marginally on Tuesday amid continued supply concerns and unwillingness among OPEC nations to increase output noticeably. However, the gains were limited by coronavirus measures in China and fears of a new global recession. Hence, Brent crude rose by 0.5%, to settle at $114.65 a barrel. US WTI crude added 0.7% to $109.52 a barrel.
read more... 22/06/2022
Daily (19.04.2022): Oil prices increased over 1% on Monday amid outages in Libya
Oil prices climbed on Monday amid an oil field shutdown in Libya, increasing concerns over tight global supply amid the Ukraine crisis. Hence, Brent crude rose by $1.46, or 1.3%, to settle at $113.16 a barrel. U.S WTI crude rose $1.26, or 1.2%, to settle at $108.21 a barrel.
read more... 19/04/2022
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UK Plans More Power Capacity To Avoid Outages Next Winter
The UK looks to prevent power outages next winter season by setting a higher target for the 2022/2023 power capacity auction than the one recommended by grid operator National Grid Plc.
read more... 26/01/2022
Daily (07.01.2022): Oil prices hit their highest level since late November on Thursday
Oil prices continued their increase on Thursday, due to escalating unrest in Kazakhstan and supply outages in Libya. Furthermore, rising interest rates and concerns about demand in the US also lent support to prices. Thus, Brent crude futures surged by 1.5% to $81.99 a barrel and West Texas Intermediate (WTI) gained 2.1% at $79.46 a barrel. Both contracts hit their highest since late November.
read more... 07/01/2022
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