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Daily (08.09.2023): British gas prices turned bullish on Thursday amid concerns about strike actions in Australia and limited LNG supply
Crude oil prices lost ground on Thursday due to concerns about economic growth in both the United States and China, which overshadowed the impact of extended supply cuts by Saudi Arabia and Russia. Hence, Brent crude traded around 1% lower at $89.92 a barrel. Meanwhile, U.S. WTI crude fell by 0.8% to end at $86.87 a barrel.
read more... 08/09/2023
Daily (07.09.2023): Gas prices retreated on Wednesday due to postponed strikes at Australian LNG plants
On Wednesday, crude oil prices edged higher as traders expected reductions in U.S. crude due to ongoing production cuts in both Saudi Arabia and Russia. Hence, Brent crude rose by 0.6% to $90.60 a barrel, while WTI crude increased by about 1% to $87.54 a barrel.
read more... 07/09/2023
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EU proposes permanent scheme for joint gas purchases
The European Commission has proposed making the EU's scheme for joint gas purchases permanent, after demand exceeded expectations in the policy's first tenders to seek non-Russian fuel, a document showed and officials told Reuters.
read more... 06/09/2023
Israel, Cyprus and Greece mull energy pacts
The leaders of Israel, Greece and Cyprus on Monday pledged to deepen energy cooperation and explore ways to get East Mediterranean gas to Europe, as well as connect electricity grids.
read more... 05/09/2023
Eni, Snam set ambitions for Italy's first carbon storage hub
Carbon capture and storage (CCS) technology is key to ensuring the survival and the competitiveness in Italy of industries including steel, cement and chemicals, energy group Eni and gas grid operator Snam said on Friday.
read more... 04/09/2023