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Daily (11.08.2022): European power prices increased on Wednesday amid higher gas and coal prices
As investors hurried to riskier assets in response to lower-than-expected U.S. inflation statistics and promising news on U.S. gasoline consumption, oil prices gained ground on Wednesday, recovering from losses early in the day. Thus, Brent crude oil price settled 1.1% higher at $97.40, WTI crude rose by 1.6% to settle at $91.93 a barrel.
read more... 11/08/2022
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EU gas storage goal likely in winter “tightrope walk”
Europe could achieve its gas storage goal of 80% of capacity before November but faces a “tightrope walk” this winter amid curbed flows from Russia, said a research fellow at the Oxford Institute of Energy Studies.
read more... 11/08/2022
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Britain plans for organised blackouts in January
Britain is making plans for organised blackouts for industry and households over winter when cold weather may coincide with gas shortages, Bloomberg News reported on Tuesday.
read more... 10/08/2022
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Russia resumes natural gas supplies to Latvia
Russian natural gas supplies to Latvia resumed on Aug. 5, a week after they were halted by Russian exporter Gazprom, data from transmission system operator Conexus Baltic Grid (CBG) showed.
read more... 10/08/2022
Daily (09.08.2022): Long-term gas prices fell in line with lower carbon prices and amid strong storage injections
Crude oil prices rebounded from multi-months lows touched last week as upbeat economic data from China and the United States fed hopes for a stronger demand despite persisting fears of a recession. Thus, Brent crude rose by 1.8%, to settle at $96.65 a barrel, WTI crude increased by 2% to $90.76.
read more... 09/08/2022