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Daily (22.09.2023): European carbon prices soared amid strong auction and bullish gas
Oil prices remained fairly stable on Thursday, as Russia's announcement of restrictions on its gasoline and diesel exports was counterbalanced by concerns over global demand. As a result, Brent crude settled 0.3% lower at $93.30 a barrel, while WTI crude stabilized at $89.63 a barrel.
read more... 22/09/2023
Daily (20.09.2023): British gas prices turned bullish on Tuesday due to lower supply from Norway
On Tuesday, crude oil prices remained relatively stable as the decision to prolong production cuts by Saudi Arabia and Russia was offset by renewed global macroeconomic worries. Hence, Brent crude traded at $94.34 a barrel. Meanwhile, U.S. WTI crude slipped by 0.3% to $91.20 a barrel.
read more... 20/09/2023
LNG crucial to German energy strategy
Germany must strengthen rather than abandon the liquefied natural gas (LNG) capability built last year to retain energy diversity in the face of continued fragility of supply, a senior economy ministry official told an industry event on Tuesday.
read more... 20/09/2023
Daily (18.09.2023): British gas prices rose on Friday amid Australian LNG disruptions and extended Norwegian outages
Oil prices extended their gains on Friday, as supply shortages continued to boost prices, while indicators provided favourable news on demand in China and the United States. As a result, Brent crude edged 0.2% up at $93.93 a barrel, while WTI crude advanced by 0.7% to $90.77 a barrel.
read more... 18/09/2023
Germany’s hydrogen import bill estimated at €1.2-7bn by 2030
Germany will not be able to meet all of its hydrogen demand from piped gas, the cheapest way of transporting hydrogen, forcing the country to rely on costlier shipping options instead, according to a new study by influential think-tank Agora Energiewende.
read more... 18/09/2023