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Daily (28.02.2022): European front-year electricity prices saw a sharp correction on Friday amid plunging commodity prices
Oil prices retreated from a seven-year high on Friday due to easing concerns of near-term supply disruptions amid a lack of Western sanctions against the Russian energy sector. Hence, Brent crude decreased by $1.15, or 1.2%, to settle at $97.93 a barrel on Friday. U.S. WTI crude fell by $1.22, or 1.3%, to settle at $91.59 a barrel.
read more... 28/02/2022
Daily (08.02.2022): Oil prices retreated from seven-year highs on Monday amid nuclear talks between the US and Iran
Oil prices took a breather on Monday amid a lack of new signals. However, the market kept an eye on the talks between the US and Iran that could lead to a potential lifting of the sanctions against the Iranian oil industry. Hence, Brent crude lost 0.6% to settle at $92.69 a barrel. U.S. WTI crude decreased by 1.1% to close at $91.32 a barrel.
read more... 08/02/2022
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German government row over Nord Stream 2
The honeymoon period of the new German “traffic light” government may officially be over: vice chancellor Robert Habeck has threatened to block the contentious Nord Stream 2 gas pipeline as part of sanctions against Russia, revealing tensions within the coalition over the project.
read more... 21/12/2021
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Classified document sheds light on US-Germany Nord Stream 2 conciliation effort
A classified document which was made public reveals how Berlin is working with Washington to avoid US sanctions over the Nord Stream 2 pipeline.
read more... 30/11/2021
Daily (24.11.2021): British gas prices spiked on Tuesday amid U.S. new sanctions on Nord Stream 2
Oil prices soared to hit one-week high on Tuesday as the statement by President Joe Biden that the administration will tap the Strategic Petroleum Reserve to calm 2021′s rapid rise in fuel prices fell short of some expectations. Hence, Brent crude increased by $2.61, or 3.3%, to settle at $82.31. U.S. WTI crude climbed by $1.75, or 2.3%, to settle at $78.50 a barrel.
read more... 24/11/2021