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(Daily 30.06.2022): German and French long-term power prices rose amid persistent worries over a winter supply shortage
Oil prices declined on Wednesday as fears about a shortage of crude oil supply were counterbalanced by an increase in gasoline and distillate stocks in the United States and concerns over slower global economic growth. Thus, Brent crude fell by 1.5% to settle at $116.26 a barrel. WTI crude decreased by 1.8% to $109.78 per barrel.
read more... 30/06/2022
Daily (29.06.2022): Oil prices rose as major exporters appeared unlikely to be able to significantly raise supply
Oil prices rose for the third day in a row on Tuesday as major exporters - Saudi Arabia and the United Arab Emirates - appeared unlikely to be able to significantly raise supply. On the other hand, Western countries agreed to investigate into potential measures to regulate the price of the Russian crude. Brent crude therefore increased by 2.5% to close at $117.98 a barrel.
read more... 29/06/2022
Daily (28.06.2022): European forward electricity prices rose on Monday amid ongoing supply squeeze fears
Crude oil prices extended gains on Monday as a worsening political crisis in Libya could result in halting exports, exacerbating supply tightness concerns. Hence, Brent crude futures increased by $1.97, or 1.7%, to settle at $115.09 a barrel. U.S. WTI crude added $1.95, or 1.8%, to end at $109.57 a barrel.
read more... 28/06/2022
Daily (27.06.2022): Oil prices increased on Friday due to limited supply
Oil prices increased on Friday due to limited supply but fell for the second consecutive week due to worries that increasing interest rates could cause a global recession. Brent crude rose by 2.8% to settle at $113.12 a barrel. WTI brute increased by 3.2% to $107.62 per barrel.
read more... 27/06/2022
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G7 urged to back nuclear extensions to tackle climate, security issues
The leaders of the Group of Seven (G7) large industrialised nations should incentivise the extension of the operating life of existing nuclear reactors and support the restart of others to help achieve the goal of achieving a low-carbon and secure energy supply, the nuclear industry has said.
read more... 27/06/2022