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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
Swiss plan hydropower reserves, back-up plants to ensure lights stay on
Switzerland plans new hydropower reserves and two or three back-up power plants after officials warned the country would be without power for nearly two days in a worst-case scenario if it does not strike an electricity deal with the EU.
read more... 18/02/2022
Daily (03.02.2022): European carbon prices jumped by over €5 on Wednesday amid strong technical buying and bullish energy prices
Crude oil prices rose marginally on Wednesday, supported by the decision of OPEC+ members to maintain the gradual increase in production. Gains, however, were limited by higher US crude reserves. As such, Brent oil edged 0.4% up at $89.47 a barrel and WTI crude gained merely 0.1% at $88.26 a barrel.
read more... 03/02/2022
Daily (27.01.2022): European carbon prices gained around 1.4% on Wednesday, amid an increase in traders positions on the market and strong auction results
Crude oil prices rose on Wednesday, as a conference of Russian, Ukrainian, French, and German negotiators in Paris failed to produce any concrete results. In addition, the weekly EIA report revealed a decrease in US strategic oil reserves, driving prices higher. Despite an increase in weekly crude stockpiles, both Brent oil and WTI crude jumped by 2% to $89.96 a barrel and $87.35 a barrel, respectively.
read more... 27/01/2022
Daily (13.01.2021): Gas prices were bearish on Wednesday, as ample LNG supply offset winter storage concerns
Crude oil prices continued to strengthen on Wednesday, on the back of a sharp drop in US crude reserves, to the point of approaching multi-year records set last October. Hence, Brent oil gained 1.1% at $84.67 a barrel and WTI crude rose by 1.8% to $82.64 a barrel.
read more... 13/01/2022