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Daily (05.09.2022): The NBP gas prices decreased sharply on Friday due to strong LNG imports and UK Continental Shelf production
Oil prices rose on Friday as traders anticipated that OPEC+ would discuss output reductions at their meeting on September 5. Gains were however constrained by concerns about China's COVID-19 limitations and the status of the global economy. As a result, WTI crude oil moved up by 0.3% to $86.87, while Brent crude oil closed 0.7% higher at $93.02.
read more... 05/09/2022
Daily (30.08.2022): The power prices for delivery in 2023 fell in France and Germany due to high gas storage levels ahead of winter
Crude oil prices extended gains on Monday amid potential OPEC+ output cuts and conflict in Libya. Brent crude soared by 4.1% to settle at $105.09 a barrel. U.S. WTI crude increased by 4.2%, to close at $ 97.01 a barrel.
read more... 30/08/2022
Daily (29.08.2022): German and French power contracts hit new records!
U.S. Federal Reserve's warnings about imminent economic hardship and Saudi Arabia's signals that OPEC will restrict output supported oil prices. As a result, Brent crude oil increased by 1.7% to reach $100.99 a barrel in a volatile trading on Friday, while WTI rose by 0.6% to reach $93.06 a barrel.
read more... 29/08/2022
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French nuclear output to hit winter low in supply risk
French available nuclear capacity will dive 6-8 GW year on year this winter to a record low, meaning supply was “definitely at risk” should there be a particularly cold spell, said Montel’s Energy Quantified (EQ).
read more... 25/08/2022
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Daily (24.08.2022): Oil prices rose on Tuesday following Saudi Arabia suggestion to cut OPEC output
Tuesday saw an increase in oil prices following Saudi Arabia's suggestion that output from OPEC+ be cut to sustain prices if Iranian petroleum returns. The likelihood of a reduction in U.S. stocks supported the price of Brent crude oil, which ended 3.9% higher at $100.22. WTI crude increased by 3.7% to $93.74.
read more... 24/08/2022