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Daily (29.11.2023): Oil prices rebounded on Tuesday amid a tense and volatile market ahead of OPEC and its allies meeting
Oil prices experienced a rebound on Tuesday in a tense and volatile market, filled with numerous rumors ahead of the meeting of the OPEC and its allies on Thursday. As a result, Brent crude settled at $81.68 per barrel, while WTI crude stood at $76.41 per barrel, both contracts increasing by over 2% day-on-day.
read more... 29/11/2023
EU agrees new rules for investments into hydrogen infrastructure
Negotiations on the first leg of the EU’s new hydrogen and gas market rules concluded on Monday (27 November), clearing the way for investments into new infrastructure with a special carve-out for Germany’s municipal utilities.
read more... 29/11/2023
Daily (28.11.2023): Forward gas prices posted a 5% decline on Monday amid abundant supply
Oil prices ended the day lower on Monday, with the market doubting the ability of OPEC and its allies to curb the falling prices. Hence, Brent crude settled at $79.98 per barrel, while WTI crude stood at $74.86 per barrel, both contracts down by 1% day-on-day.
read more... 28/11/2023
€800 million to jolt the market: Europe’s hydrogen boosters activate
The EU’s Hydrogen Bank has begun operations and is offering €800 million to hydrogen producers to kickstart demand for the fuel crucial to industrial decarbonisation.
read more... 28/11/2023
Daily (27.11.2023): Oil prices declined by 1% on Friday amid market’s waning confidence in OPEC's production quota adjustments
On Friday, oil prices declined by more than 1% in a thinly traded market where confidence in a substantial adjustment to production quotas by OPEC and its allies has diminished. Consequently, Brent crude settled at $80.58 per barrel, while WTI crude ended at $75.54 per barrel.
read more... 27/11/2023