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Daily (04.04.2024): European carbon prices declined for third consecutive day on Wednesday amid reduced volatility and bearish gas prices

On Wednesday, oil prices continued their rise, supported by escalating geopolitical tensions and by a strong fuel demand in the United States last week. Hence, Brent crude increased by 0.5% to settle at $89.35 a barrel, while WTI crude stood at $85.43 a barrel, up 0.3% day-on-day.

read more... 04/04/2024

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Dutch Senate delays Groningen gas field shutdown

The Dutch Senate has postponed a vote on a law to close permanently the Groningen gas field, angering the government that has said production would never resume because of the risk of earthquakes.

read more... 04/04/2024

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Europe Makes It To the Other Side of Winter With Record Levels of Natural Gas

Europe has managed to make it through this winter season with record levels of natural gas in storage, setting it up to head into next winter on solid ground.

read more... 03/04/2024

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New price cap to drive energy bills to two-year low

Britain‘s energy regulator, Ofgem implemented its latest price cap on 1st April – the energy price for a typical household utilising both gas and electricity and paying through direct debit will decrease by £238.

read more... 02/04/2024

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Daily (28.03.2024): Forward gas prices rose on Wednesday amid supply worries due to falling LNG imports

Oil prices weakened on Wednesday, reflecting an unexpected build in U.S. crude inventories, in contrast to analysts' forecasts. As a result, Brent crude retreated by 0.4% to settle slightly above $86 a barrel, while WTI crude settled at $81.35 a barrel, down 0.3% day-on-day.

read more... 28/03/2024

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