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Daily (18.09.2023): British gas prices rose on Friday amid Australian LNG disruptions and extended Norwegian outages
Oil prices extended their gains on Friday, as supply shortages continued to boost prices, while indicators provided favourable news on demand in China and the United States. As a result, Brent crude edged 0.2% up at $93.93 a barrel, while WTI crude advanced by 0.7% to $90.77 a barrel.
read more... 18/09/2023
Daily (15.09.2023): Brent crude soared by 2% to $93.70, the highest level since November, supported by supply concerns and strong demand
Oil prices climbed by 2% on Thursday, again reaching their highest level since November, boosted by fears of insufficient supply in the face of persistent demand for oil. As a result, Brent crude settled at $93.70 a barrel, while WTI crude stood at $90.16 a barrel.
read more... 15/09/2023
Daily (14.09.2023): British gas prices soared on Wednesday amid escalating LNG strikes in Australia
On Wednesday, crude oil prices edged lower due to stronger US crude inventories. Hence, Brent crude slipped by 0.2% to $91.88 a barrel, while WTI crude declined by 0.4% to $88.52 a barrel.
read more... 14/09/2023
Daily (13.09.2023): Brent crude price surpassed the $92 per barrel mark for the first time since November
Crude oil prices increased on Tuesday, hitting levels not seen since last November amid announcement that Saudi Arabia and Russia extended their voluntary production cuts, in a move to stabilize the markets. The closure of four oil export terminals in Libya due to a weekend storm provided additional support to oil prices. Hence, Brent crude rose by 1.6% to end at $92.06 a barrel. Meanwhile, U.S. WTI crude gained 1.8% to end at $88.84 a barrel.
read more... 13/09/2023
Daily (12.09.2023): German spot power surged dramatically by 44% due to the initiation of labor strikes at Chevron's LNG production facilities
Crude oil prices remained relatively steady as they appeared to have reached a point of equilibrium due to the combination of declining demand and reduced OPEC production. Hence, Brent crude traded at $90.64 a barrel. Meanwhile, U.S. WTI edged 0.3% lower at $87.29 a barrel.
read more... 12/09/2023