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Severe German winter may cause record low gas storage
Germany is better prepared for winter gas supply than last but in the worst-case scenario, it could cause storage facilities to hit a record low of 2% of capacity, network regulator BNA said on Thursday.
read more... 03/11/2023
Daily (01.11.2023): Oil prices fell on Tuesday as economic concerns ahead of the US interest rate decision outweighed supply risks driven by the Middle Eastern conflict
Oil prices fell on Tuesday as economic concerns ahead of the US interest rate decision outweighed supply risks driven by the Middle Eastern conflict. Thus, Brent crude remained rather stable at $87.41 per barrel, and WTI crude dropped by 1.6% to close at $81.02 per barrel.
read more... 01/11/2023
Daily (31.10.2023): European spot electricity prices skyrocketed on Monday due to falling wind output and stronger demand
Oil prices plummeted by over 3% on Monday as economic concerns ahead of the next US interest rate decision this week outweighed supply risks driven by the Middle Eastern conflict. Thus, Brent crude settled at $87.45 a barrel, while WTI crude stood at $82.31 a barrel.
read more... 31/10/2023
Daily (30.10.2023): Oil prices jumped by 3% on Friday due to escalation of geopolitical tensions in the Middle East
Oil prices posted a significant 3% surge on Friday due to the U.S. strikes in Syria targeting sites connected to Iran. These strikes raised concerns about an escalation in Middle East geopolitical tensions, potentially leading to disruptions in oil supply in the region. Consequently, Brent crude settled at $90.48 per barrel, and WTI crude closed at $85.54 per barrel.
read more... 30/10/2023
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Emergency EU oil meeting focused on securing diesel supply
European Union officials discussed diversifying oil stocks and creating a buffer for diesel and gasoil during an emergency meeting of the bloc's oil coordination group, one told Reuters.
read more... 30/10/2023