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EU eyes $100/barrel cap on Russian premium oil products, $45 on discounted
The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, European Union officials said on Thursday.
read more... 27/01/2023
Daily (26.01.2023): European carbon allowances soared on Wednesday after the strongest UKA auction in a year.
Oil prices were steady on Wednesday as US crude inventories rose less than expected, while the upcoming EU embargo on Russian refined products remains a major source of concern for the market. As a result, Brent crude oil went slipped to $86.12 a barrel, while WTI Crude settled at 80.15 USD/bbl.
read more... 26/01/2023
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Germany in talks with Iraq over possible gas imports
Germany is in talks with Iraq over the possibility of importing natural gas from the oil-rich country, Chancellor Olaf Scholz said on Friday, as Berlin scrambles to diversify its energy sources to replace a drop in Russian fossil fuel shipments.
read more... 17/01/2023
Daily (12.01.2023): Oil prices soared by 3% to one-week high on Wednesday amid improved global economic outlook
Crude oil prices prolonged their gains, to hit a one-week high on Wednesday as optimism about the global economy and concerns about the impact of sanctions on Russian crude output outweighed a massive, unexpected build in US crude stocks. Brent crude soared by $2.57, or 3.2%, to settle at $82.67 a barrel. U.S. WTI crude increased by $2.29, or 3.1%, to settle at $77.41 a barrel.
read more... 12/01/2023
Daily (02.01.2023): European power prices fell on Friday amid surging wind generation and muted demand
Oil prices were bullish on Friday to end a volatile 2022, as Russia's war in Ukraine shook global markets, boosted global inflation, and fueled recession fears despite most economies emerging from coronavirus lockdowns. Consequently, Brent crude increased by 4.4% to $85.91 a barrel and WTI oil rose by 2.3% to $80.26 a barrel.
read more... 02/01/2023