On Wednesday, oil prices plunged by around 4%, hitting a fresh five-month low, as the market struggled to identify catalysts for a potential rebound. Consequently, Brent crude ended at $74.30 per barrel, while WTI crude finished below the $70 threshold at $69.38 per barrel.
read more... 07/12/2023
Oil prices increased by about 2% on Wednesday, driven by optimistic reports suggesting that the OPEC+ alliance is contemplating additional reductions in oil production. Consequently, Brent crude settled at $83.10 per barrel, while WTI crude ended at $77.86 per barrel.
read more... 30/11/2023
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
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
Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023