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Daily (09.10.2023): British gas prices jumped on Friday amid concerns over potential strikes in Australia
Oil prices experienced a 0.6% daily increase on Friday on improved market sentiment, driven by a return of risk appetite among investors. However, gains were capped as concerns about global demand still linger in the background. As a result, Brent crude reached $84.58 per barrel, while WTI crude reached $82.79 per barrel.
read more... 09/10/2023
Global electricity sector nearing ‘peak emissions’
Anew report suggests that we may soon reach the peak of global emissions from the electricity sector. Research into 78 countries by think tank Ember has shown that in the first half of 2023, CO₂ emissions from the global power industry grew by a mere 0.2%, with wind and solar capacity hitting record levels.
read more... 09/10/2023
Daily (05.10.2023): Oil prices plummeted by about 6% on Wednesday, weighed down by US inventory levels and fears of a slowdown in global demand
Oil prices plummeted by 5.6% on Wednesday, weighed down by US inventory levels and fears of a slowdown in global demand. Consequently, Brent crude stood at $85.81 a barrel, while WTI crude ended at $85.81 a barrel.
read more... 05/10/2023
Daily (04.10.2023): German spot power surged dramatically by over 200% due to reduced wind energy generation
On Tuesday, crude oil prices slightly increased from earlier lows, however, the rebound was limited by the prospect of higher interest rates and concerns over the health of the global economy. Hence, Brent crude edged 0.2% higher at $90.92 a barrel. Meanwhile, U.S. WTI crude rose by 0.5% to $89.23 a barrel.
read more... 04/10/2023
Daily (03.10.2023): Crude oil prices fell to a three-week low on Monday amid bleak economic outlook, rate hike fears
Crude oil prices dropped, to hit their lowest levels in three weeks on Monday due to concerns over the health of the global economy. Furthermore, the prospect of higher interest rates also dragged oil prices down. As a result, Brent crude slumped by 4.8% to settle at $90.71 a barrel. Meanwhile, U.S. WTI crude declined by 2.2% to $88.82 a barrel.
read more... 03/10/2023