The European Union (EU) has surpassed its gas storage target, achieving a 90.12% capacity well ahead of the scheduled deadline of 1st November.
read more... 21/08/2023
On Thursday, oil prices experienced a recovery following three consecutive days of losses. The strength of the US economy and demand, along with tensions in the market, counteracted worries about the economic well-being of China. Thus, Brent crude increased by 0.8% to close at $84.12 a barrel, while WTI crude rose by 1.3% to settle at $80.39 a barrel.
read more... 18/08/2023
EU gas storage levels are well above the historical average but current supply and demand trends suggest inventories could be insufficient by December, said Sweden’s SEB bank on Tuesday.
read more... 16/08/2023
Crude oil prices gained ground on Monday following hopes for new stimulus measures in China and OPEC's production cuts. Additionally, rising demand of US gasoline bolstered prices. Thus, Brent crude rose by 2.1% to end at $82.74 a barrel. Meanwhile, U.S. WTI crude increased by over 2% as well, to settle at $78.74 a barrel.
read more... 25/07/2023
Oil prices continued losing ground on Thursday, weighed down by the prospect of resumption of Iraqi Kurdish oil exports to Turkey, as well as by a worrying macroeconomic outlook. Thus, Brent crude declined by about 2% to settle at $74.98 a barrel. WTI crude dropped by around 2.3% to $70.87 a barrel.
read more... 12/05/2023