Latest news
British regulator awards more North Sea oil and gas licences
Britain's oil and gas regulator on Friday awarded 31 new hydrocarbon exploration licences as part of efforts to extend production in the ageing basin.
read more... 06/05/2024
Daily (02.05.2024): Gas and carbon prices lost ground on Wednesday, driven by light trading and muted demand due to bank holiday
Oil prices experienced a significant decline on Wednesday due to various signs indicating subdued demand, especially with the upcoming US travel season. Consequently, Brent crude tumbled by 5% to settle at $83.44 per barrel, and WTI crude dropped by 3.6% to close at $79 per barrel.
read more... 02/05/2024
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Italy’s high gas reliance stalls renewables growth
As the EU’s largest producer of gas-fired power generation, Italy’s gas usage in its power generation mix is about 50%, nearly three times the EU average, the think tank said in a report.
read more... 30/04/2024
Daily (29.04.2024): European carbon prices declined on Friday, dampened by bearish gas prices and profit-taking
Oil prices rose for a second consecutive session on Friday, driven by traders hedging their positions in anticipation of potential geopolitical events in the Middle East over the weekend. As a result, Brent crude increased by 0.5% to close at $89.5 per barrel, and WTI crude edged 0.3% up to settle at $83.85 per barrel.
read more... 29/04/2024
Daily (26.04.2024): European near-term gas and power prices surged on Thursday as reduced Norwegian flows and colder weather boosted demand
Oil prices posted modest gains on Thursday, supported by intensifying Middle East tensions. However, a pessimistic global demand outlook capped gain. Thus, Brent crude rose by 1.1% to settle slightly above $89 a barrel, while WTI crude edged 1% higher at $83.57 a barrel.
read more... 26/04/2024