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Daily (13.01.2023): Oil prices rose by over 1% on Thursday amid positive US key figures on inflation, demand optimism
Crude oil prices continued to gain ground on Thursday, driven by hopes of rising demand in China and the prospect of softening inflationary pressures. Figures showing U.S consumer prices unexpectedly fell in December lent further support. Hence, Brent crude rose by $1.36, or 1.7%, to settle at $84.03 a barrel. U.S. WTI crude settled at $78.39 a barrel, gaining 98 cents, or 1.3% day-on-day.
read more... 13/01/2023
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Germany targets variable customer power prices by 2025
German power suppliers may have to change their retail offers from 2025 as the government wants customers to benefit from adapting demand to high or low wholesale prices, the economy minister said on Wednesday.
read more... 12/01/2023
Daily (09.01.2023): European carbon prices fell on Friday amid temperatures above sesonal norm
Crude oil prices diverged on Friday, as the market still digesting a declining US dollar and mixed US data jobs. Consequently, Brent crude edged 0.1% lower at $78.57 a barrel. Meanwhile, WTI crude ended 0.1% higher at $73.77 a barrel amid increasing demand from China.
read more... 09/01/2023
Daily (06.01.2023): Oil prices rebounded on Thursday due to strong US demand
Despite fears of a recession, there were signs of solid US demand on Thursday, which lent support to oil prices. Consequently, Brent crude rose by 1.1% to 78.69 a barrel and WTI oil soared by 1.1% to $73.67 a barrel.
read more... 06/01/2023
Daily (04.01.2023): European power spot prices plummeted on Tuesday, amid expectations of weaker wind output.
Oil prices were bearish on Tuesday, amid fears about demand and global recession. Consequently, Brent crude fell by 4.4% to $82.10 a barrel and WTI oil dipped by 4.1% to $76.93 a barrel.
read more... 04/01/2023