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(Daily 04.07.2022): Natural gas prices continued to rise on Friday amid high demand and tight supply
Brent oil prices declined on Friday due to demand skepticism, mounting concerns about the possibility of a worldwide economic slowdown, and the confirmation by Opec+ of a projected increase in supply. Consequently, Brent fell by 2.8% to settle at $111.63 a barrel. In contrast, WTI price increased by 2.5% on Friday to close at $108.43 a barrel as supply disruptions in Libya and anticipated shutdowns in Norway offset concerns that demand would be negatively impacted by an economic slowdown.
read more... 04/07/2022
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Italian government lends 4 bln euros to boost gas storage
Italy's government said on Thursday it was lending state-owned firm Gestore dei Servizi Energetici (GSE) 4 billion euros ($4.17 billion) to buy gas to boost stockpiles, as the country strives to cope with a fall in Russian supplies and surging prices.
read more... 01/07/2022
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Unions say strike halts flows at France's second-largest gas depot
The CFDT and CGT general trade unions told Reuters France's second largest gas storage facility was no longer receiving gas on Thursday, and won't do so until at least Monday, because of strike action.
read more... 01/07/2022
(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
Germany, Canada in talks over LNG terminal for export to Europe
Germany is in talks with Canada over options to export liquefied natural gas (LNG) to Europe via a terminal on Canada's east coast, a German government official told Reuters on Tuesday.
read more... 30/06/2022