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Daily (27.03.2024): European Cal’25 power contracts lost ground on Tuesday amid bearish gas and carbon prices
On Tuesday, oil prices were rather stable to bearish, driven by a sharp price decline in refined products, following the restart of refineries in the United States after a maintenance period. Brent crude decreased by 1% to $86.25 a barrel, while WTI Crude slipped by 0.4% to $81.62 a barrel.
read more... 27/03/2024
Daily (26.03.2024): Carbon prices hit 2-month highs on Monday due to bullish gas prices
On Monday, oil prices ended higher, driven by prospects of reduced Russian crude oil production, following Ukrainian attacks on refineries. Brent crude increased by 2% at $86.75 a barrel, while WTI Crude rose by 2% to $81.95 a barrel.
read more... 26/03/2024
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Major nuclear projects will have to wait longer for delayed EIB financing
The European Investment Bank (EIB) dealt a major blow to the nuclear industry at last week’s International Nuclear Energy Summit in Brussels, when it dithered over the industry’s request for more funding for nuclear projects, but confirmed that investment in renewable energy will remain a priority until 2030.
read more... 26/03/2024
Daily (25.03.2024): Forward gas prices soared by about 5% on Friday, boosted by supply concerns amid intensified geopolitical risks
Oil prices finished slightly down on Friday, hampered by Gaza ceasefire hopes as well as a stronger dollar. Hence, Brent crude edged 0.4% lower at $85.43 a barrel, while WTI crude stood at $80.63 a barrel, down 0.5% day-on-day.
read more... 25/03/2024
An EU Carbon Tax Will Upend The Global LNG Market
The global LNG market could face a sea change in prices and trade flows later this decade if the European Union includes LNG in its carbon border tax.
read more... 25/03/2024