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Daily (02.03.2023): British gas prices gained ground on Wednesday due cold spell forecasts
Oil prices had a bullish evolution on Wednesday following the restart of China’s manufacturing activity. However, macroeconomic concerns rise in US inventories limited gains. Consequently, Brent crude increased by 0.5% to $84.31 a barrel and WTI oil closed 0.8% higher at $77.69 a barrel.
read more... 02/03/2023
Daily (21.02.2023): European spot power prices surged on Monday as low wind output and forecasts of colder weather boosted demand
Oil prices rebounded on Monday as attention shifted back to the fundamentals of supply and demand, with Russia's output expected to decline and China's reopening boosting slightly the demand. As a result, Brent crude oil gained 1.3% day-on-day to settle at $84.07 a barrel.
read more... 21/02/2023
Daily (20.02.2023): Oil prices continued their bearish evolution on Friday, despite forecasts of rising Chinese demand
Oil prices continued their bearish trend on Friday, despite forecasts of rising Chinese demand, as oil producers are expected to maintain current volumes of crude exports and OPEC+ agreement will continue until the end of the year. Thus, Brent crude oil posted a 2.5% day-on-day loss to settle at $83.00 a barrel.
read more... 20/02/2023
Daily (16.02.2023): EUAs hit a seven-session high on Wednesday, as traders are looking to liquidate their short positions
OPEC and the International Energy Agency both increased their demand forecasts for the year on Wednesday, shaking off the U.S. Energy Information Administration (EIA) report of a large increase in U.S. crude inventories, which resulted in only a slight decline in oil prices. Hence, Brent crude oil edged down at $85.38 a barrel.
read more... 16/02/2023
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Daily (10.02.2023): Strong LNG flows and forecasts for warmer weather weighed on gas prices on Thursday
Oil prices edged lower on Thursday amid rising inventories and fresh concerns over US economic slowdown. Consequently, Brent crude slipped by 0.7% to $84.50 a barrel and WTI oil fell by 0.5% to $78.06 a barrel.
read more... 10/02/2023