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Daily (01.09.2023): Gas prices retreated on Thursday as the impact of Australia's strikes was assessed as minimal
On Thursday, crude oil prices added ground, rising for a third month in a row on expectations that cuts by OPEC+ would continue through the end of 2023. Hence, Brent crude rose by 1.1% to $86.86 a barrel, while WTI crude increased by 2.5% to $86.63 a barrel.
read more... 01/09/2023
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Risk of EU gas price “surges” remain this winter
The recent rise in European gas prices due to the threat of curtailed Australian LNG supplies show the risk of price “surges” remain as winter approaches, think tank Ember said on Wednesday.
read more... 31/08/2023
Chevron's Australia LNG ops could face daily 10-hr stoppages as union fight escalates
Chevron's (CVX.N) two major liquefied natural gas (LNG) production facilities in Australia could face daily work stoppages of up to 10 hours next week after unions on Tuesday threatened labour action in a dispute over pay and conditions.
read more... 29/08/2023
UK energy bills to fall after Ofgem lowers price cap by 7%
Millions of British households will have cheaper energy bills from October after British energy markets regulator Ofgem cut its price cap again to reflect a further fall in wholesale power and gas prices.
read more... 28/08/2023
Daily (25.08.2023): Gas and power prices are strongly bearish following positive news from Australia
Crude oil prices closed slightly higher on Thursday as gasoil stocks in Europe are declining. Hence, Brent crude and WTI crude edged 0.2% higher, at $83.36 a barrel and $79.05 a barrel, respectively.
read more... 25/08/2023