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Companies bid for 34 bcm of gas in new joint EU tender
19 companies have filed bids for nearly 34 billion cubic meters of natural gas in a new joint purchasing tender for multi-year deals, European Commission vice president Maroš Šefčovič said on Thursday (22 February).
read more... 23/02/2024
Daily (21.02.2024): British near-term gas prices turned bullish on Tuesday due to reduced Norwegian flows and stronger demand
On Tuesday, oil prices fell due to concerns over a recession and weaker demand. Brent crude dropped by 1.5% to $82.34, while WTI Crude decreased by approximately 2% to $77.04, despite potential supply disruptions caused by the ongoing political conflict in the Middle East.
read more... 21/02/2024
Daily (16.02.2024): European carbon prices surged by over 2% on Thursday amid short covering and rising gas prices
Oil prices surged on Thursday due to escalating tensions in the Middle East, overshadowing ongoing concerns about oversupply and weak demand. Consequently, Brent crude increased by 1.5% to settle at $82.86 a barrel, while WTI crude climbed by about 2% to stand at $78.03 a barrel.
read more... 16/02/2024
Italy awaits EU clearance on $5.2 bln tariff to cover gas storage costs
Italy's energy authority is awaiting clarity from the European Union on whether a planned tariff to cover costs of gas storage filling, potentially worth 4.8 billion euros ($5.18 billion), is in compliance with the single market rules, two sources said on Thursday.
read more... 16/02/2024
Daily (13.02.2024): Forward gas prices declined by about 5% on Monday due to a comfortable supply outlook
Oil prices ended mixed on Monday, with the market showing some relaxation after the recent surge. Nonetheless, geopolitical tensions persist. Consequently, Brent crude traded 0.2% lower at $82 a barrel, while WTI crude remained relatively stable to bullish at $76.92 a barrel.
read more... 13/02/2024