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Daily (09.02.2024): Oil prices surged by 3% on Thursday amid signs of improved demand
Oil prices surged on Thursday, driven by indications of strong demand as US crude exports hit a historic high of 4.06 million bbl/day in 2023, reflecting a 13% rise from 2022. Persistent worries over tensions in the Middle East provided further support. As a result, Brent crude stood at $81.63 a barrel, while WTI crude settled at $76.22 a barrel, both contracts climbing by over 3% day-on-day.
read more... 09/02/2024
Daily (09.02.2024): Oil prices surged by 3% on Thursday amid signs of improved demand
Oil prices surged on Thursday, driven by indications of strong demand as US crude exports hit a historic high of 4.06 million bbl/day in 2023, reflecting a 13% rise from 2022. Persistent worries over tensions in the Middle East provided further support. As a result, Brent crude stood at $81.63 a barrel, while WTI crude settled at $76.22 a barrel, both contracts climbing by over 3% day-on-day.
read more... 09/02/2024
Daily (08.02.2024): Gas and power forward prices declined on Wednesday amid a comfortable supply outlook
Oil prices extended gains on Wednesday, in a market that saw no improvement in the situation in the Middle East. Despite a sharp build in US crude oil inventories, Brent crude settled at $79.21 while WTI crude stood at $73.86 per barrel, with both contracts posting a 1% increase.
read more... 08/02/2024
Daily (07.02.2024): European carbon prices posted sharp gains on Tuesday amid strong auction results
Oil prices posted modest gains on Tuesday following a volatile session, mainly driven by geopolitical risks in the Middle East. As a result, both contracts gained about 1%, with Brent crude standing at $78.59 and WTI crude settling at $73.31 per barrel.
read more... 07/02/2024
EU agrees law to boost Green industry at home
The European Parliament and national governments have agreed to boost domestic production of green technologies, such as solar modules and wind turbines, expanding the list to include nuclear power but shying away from excluding Chinese manufacturers for most public subsidies
read more... 07/02/2024