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Daily (14.11.2022): Oil prices rose on Friday due to stronger demand from China
The world's largest petroleum importer, China, is expected to experience increased economic activity and demand after the country's COVID-19 restrictions were partially loosened by the Chinese government. Consequently, oil prices rose on Friday, with Brent crude settling 2.5% higher at $95.99 a barrel. WTI was seen rising by 2.9% to $88.96 per barrel.
read more... 14/11/2022
Daily (10.11.2022): British gas prices extend losses on Wednesday due to consistent deliveries
Higher-than-expected growth in U.S. stockpiles weighed on the oil prices on Wednesday. Moreover, concerns over an increase in COVID-19 cases in top importer China might have an impact on demand. Thus, the Brent crude contract ended 2.8% lower at $92.65 a barrel. WTI crude traded 3.5% down at $85.83 per barrel.
read more... 10/11/2022
Daily (01.11.2022): Energy prices lost ground on Monday due to recession worries, mild weather, high gas storage levels, low demand
Oil prices extended losses on Monday amid weak economic data from China due to widening COVID-19 curbs. Furthermore, a potential rise in US production also put pressure on prices. Thus, Brent crude decreased by 1% to close at $94.83 a barrel. At the same time, WTI crude fell by 1.6% to $86.53 a barrel.
read more... 01/11/2022
European renewable certificates at all-time high amid hydropower shortage
The market for European renewable energy guarantees of origin (GOs) has been heating up in recent weeks, with prices breaking the Eur6/MWh mark due to a persistent shortage of hydropower and strong demand from corporate buyers.
read more... 01/11/2022
Daily (28.10.2022): Oil prices extended gains amid increasing US crude exports and rising global demand.
Oil prices surged on Thursday, boosted by increasing US crude exports and rising global demand. Consequently, Brent crude ended at $96.96 a barrel, and WTI oil rose by 1.3% to $89.08 a barrel.
read more... 28/10/2022