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Daily (09.12.2022): Crude oil prices tumbled for a fifth straight session on Thursday amid economic concerns
Crude oil prices fell for a fifth consecutive session on Thursday as traders ignored the closure of a significant Canada-to-U.S. crude pipeline, instead focusing on worries that the global economy would slow down and reduce the demand for fuel. Hence, Brent crude settled at $76.15 a barrel, decreasing by $1.02, or 1.3%. U.S. WTI crude settled at $71.46 a barrel, shedding by 55 cents, or 0.8%.
read more... 09/12/2022
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UK government to ease ban on onshore wind farms to head off revolt
British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's lawmakers who had demanded they should be permitted with local support.
read more... 08/12/2022
Daily (02.12.2022): Oil prices gain ground on Thursday due to uncertainty on a price cap level
Oil prices were bullish on Thursday, as EU members failed to agree on a price cap level over the past few weeks, but the limit is scheduled to take effect from 5 December. Stronger demand from China following the ease of restrictions in two major Chinese cities also contributed to the rise. Consequently, Brent crude increased by 1.7% to $86.88 a barrel and WTI oil edged 0.8% higher at $81.22 a barrel.
read more... 02/12/2022
Daily (01.12.2022): Crude oil prices rose on Wednesday following the largest decline in US crude inventories in three years.
Crude oil prices increased on Wednesday amid expectations of rising demand and falling crude oil inventories in key consuming nations. Brent crude rose by 2.8% to settle at $85.43 a barrel. U.S. WTI crude traded 3% higher at $80.55 a barrel, following the largest decline in US crude inventories in three years.
read more... 01/12/2022
Daily (30.11.2022): European carbon prices rose on Tuesday due to strong auction demand
Oil prices were volatile on Tuesday, due to uncertainty about the level of a price cap on Russian oil. Consequently, Brent crude slipped 0.1% to $83.03 a barrel. However, WTI oil traded 1.2% higher at $78.20 a barrel amid rising demand and decreasing crude oil inventories in key consuming nations.
read more... 30/11/2022