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Daily (07.03.2024): Oil prices rallied on Wednesday amid US demand recovery and Fed rate cut speculations
On Wednesday, oil prices rebounded, driven by increased demand in the United States and statements from the President of the Federal Reserve (Fed) indicating potential interest rate cuts later this year. As a result, the Brent crude oil stood at $82.96 a barrel, while WTI crude settled at $79.13 a barrel.
read more... 07/03/2024
Energy groups launch two green hydrogen projects in Italy
Four energy companies announced on Tuesday two separate green hydrogen projects in Italy as they move to offer clean fuels to their customers and take advantage of money coming from the European Union's post-pandemic recovery fund.
read more... 14/12/2023
Daily (06.12.2023): Oil prices hit 5-month lows on Tuesday as concerns over demand persisted
Oil prices continued to decline on Tuesday, with both Brent and WTI reaching a 5-month low. The market sentiment remains pessimistic about the demand recovery, despite efforts to curb the supply. Thus, Brent crude closed at $77.20 per barrel, while WTI crude stood at $72.32 per barrel.
read more... 06/12/2023
Daily (18.08.2023): European carbon prices reached a three-week high amid speculative trading, reduced supply in August and positive technical indicators
On Thursday, oil prices experienced a recovery following three consecutive days of losses. The strength of the US economy and demand, along with tensions in the market, counteracted worries about the economic well-being of China. Thus, Brent crude increased by 0.8% to close at $84.12 a barrel, while WTI crude rose by 1.3% to settle at $80.39 a barrel.
read more... 18/08/2023
Daily (15.08.2023): European carbon prices reached a two-week high on Monday amid forecasts of a heatwave and dropping renewables generation
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023