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Energy prices will ‘remain high and volatile until at least 2023’
Gas and electricity prices will “remain high and volatile until at least 2023” according to long term forecasts quoted in a draft of the European Commission’s communication on energy prices due to be published next month.
read more... 21/02/2022
Daily (01.02.2022): UK gas prices eased on Monday on forecasts for warmer weather next month
Oil prices edged up on Monday, trading near seven-year highs, as investors await that supplies will stay tight, due to limited production rise by major oil producers and a strong recovery in fuel demand. Tensions between Russia and the West also underpinned crude prices, which soared by about 17% in January, the biggest monthly gain since February 2021. As such, Brent crude price rose by 1.3% to settle at $91.21 a barrel. The American WTI crude closed 1.5% higher at $88.15 a barrel.
read more... 01/02/2022
Daily (20.01.2022): Oil prices were bullish on Wednesday, supported by forecasts for stronger demand
Crude oil prices rose on Wednesday, as the International Energy Agency (IEA) predicted a rise in crude demand, despite the spread of the Omicron variant. Furthermore, the situation was exacerbated by the apparent inability of OPEC+ to meet its production targets. Thus, Brent oil gained 1.1% at $88.44 a barrel and WTI crude jumped by 1.8% to $86.96 a barrel.
read more... 20/01/2022
Daily (03.01.2022): British gas prices lost ground on Friday, on forecasts for milder temperatures and increased LNG supply
Crude oil prices retreated on Friday, as trading volumes fell significantly, while investors questioned whether 2021’s price surge will continue into the new year. Consequently, Brent oil lost 1.9% at $77.78 a barrel and WTI crude dropped by 2.3% to $75.21 a barrel.
read more... 03/01/2022
Daily (14.12.2021): European electricity prices hit new record-highs on Monday amid cold weather forecasts, bullish sentiment across gas market
Crude oil prices lost ground on Monday as doubts about the effectiveness of vaccines against the Omicron variant counterbalanced a bullish forecast for oil demand in the first quarter by OPEC. Hence, Brent crude fell by 76 cents, or 1.0%, to settle at $74.39 a barrel. U.S. WTI crude dropped by 38 cents, or 0.5%, to settle at $71.29 a barrel.
read more... 14/12/2021