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Daily (07.04.2022): Oil prices plummeted to three-week low on Wednesday after IEA reserve release announcement
Crude oil prices slumped to their lowest levels since March 16 on Wednesday amid news that member states of the International Energy Agency (IEA) will release 120 million barrels from strategic reserves to put an end to the escalating prices. Hence, Brent crude dropped by $5.57, or 5.2%, at $101.07 a barrel. U.S. WTI crude fell by $5.73, or 5.6%, to settle at $96.23 a barrel.
read more... 07/04/2022
Daily (04.04.2022): British gas prices dropped sharply on Friday as Russian threat to cut flows failed to occur
Crude oil prices fell on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever U.S. oil reserves release. Hence, Brent crude dropped by 3.3% to settle at $104.39 a barrel. US WTI crude decreased by 1% to close at $99.27 a barrel.
read more... 04/04/2022
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Daily (02.03.2022): Brent crude surged towards $105 a barrel on Tuesday despite IEA agreement
Oil prices surged on Tuesday with Brent crude hitting its highest level since 2014 as Russia’s invasion of Ukraine entered its seventh day. However, IEA’s decision to release 60m bbl of reserves to alleviate price hikes did little to calm markets. Hence, Brent crude soared by 4% to settle at $104.97 a barrel.
read more... 02/03/2022
Energy sector methane emissions 70% higher than official figures
Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, the International Energy Agency (IEA) said on Wednesday, with the coal sector identified as the biggest single source.
read more... 23/02/2022
Daily (20.01.2022): Oil prices were bullish on Wednesday, supported by forecasts for stronger demand
Crude oil prices rose on Wednesday, as the International Energy Agency (IEA) predicted a rise in crude demand, despite the spread of the Omicron variant. Furthermore, the situation was exacerbated by the apparent inability of OPEC+ to meet its production targets. Thus, Brent oil gained 1.1% at $88.44 a barrel and WTI crude jumped by 1.8% to $86.96 a barrel.
read more... 20/01/2022