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Daily (06.03.2024): Carbon prices rose by 6% on Tuesday, reaching the biggest daily gain in 15 months
Oil prices saw a minor decrease due to low demand on Tuesday, despite potential supply interruptions stemming from the current political unrest in the Middle East. Brent crude fell by 1% to $82.04, and WTI Crude also dipped by around 1% to $78.15.
read more... 06/03/2024
Daily (05.03.2024): Gas and carbon prices extended their gains on Monday amid cold weather forecasts and reduced LNG flows
Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
Daily (04.03.2024): WTI crude oil surged to $80 on Friday amid production concerns and resumed active purchasing
On Friday, WTI crude oil experienced a significant increase, hovering around $80 for the first time since November. This surge occurred as the market resumed active purchasing amid production concerns in the US and expected supply tightness. Meanwhile, the Brent crude oil ended rather stable to bearish at $83.55 a barrel as demand concerns weighed.
read more... 04/03/2024
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EU Proposes Member States Maintain Measures to Reduce Natural Gas Demand
The European Commission proposed on Tuesday that EU member states continue taking voluntary measures to maintain a collective 15% gas demand reduction compared to the five-year average to March 2022, as the bloc looks to continue stabilizing its energy and gas supply.
read more... 29/02/2024
European LNG consumption to peak in 2025
LNG demand in the EU, the UK, Turkey and Norway will peak in 2025 at 169bcm and drop to 133bcm by 2030, the Institute of Energy Economics and Financial Analysis (IEEFA) said on Wednesday.
read more... 22/02/2024