Latest news
Daily (10.06.2024): European carbon prices declined by 1% on Friday amid slowing market activity and bearish gas prices
On Friday, oil prices ended nearly unchanged, influenced by OPEC+'s reassuring comments about flexible production cuts and a U.S. jobs report. Initially, prices were buoyed by OPEC+'s statements, suggesting that they might adjust production cuts based on market conditions. However, the positive job data from the U.S. diminished hopes for an interest rate cut, keeping oil prices stable. Hence, Brent crude retreated by 0.3% to close at $79.62 per barrel, while WTI crude stabilized at 75.25 per barrel, with both contracts falling by over 1% day-on-day.
read more... 10/06/2024
Germany to launch 10GW gas power plant tenders in 2024
The German government has announced its plans to launch tenders for 10GW of new gas-fired power station capacity in 2024.
read more... 10/06/2024
Daily (06.06.2024): Gas and power prices declined on Wednesday amid ample supply and rising Norwegian flows
Oil prices increased on Wednesday due to U.S. macroeconomic data suggesting a slowdown, which renewed expectations for Fed rate cuts that might enhance oil demand. Furthermore, improved economic data from China, indicated by a higher PMI Services index, also supported prices. Consequently, Brent crude climbed by 1%, closing at $78.41 per barrel.
read more... 06/06/2024
Daily (05.06.2024): European carbon prices declined by 3% on Tuesday amid bearish gas prices
Oil prices extended losses on Tuesday, with the market remaining tense over the prospect of a gradual increase in OPEC+ production this autumn. As a result, Brent crude settled at $77.56 per barrel, while WTI crude stood at 73.25 per barrel, with both contracts falling by over 1% day-on-day.
read more... 05/06/2024
Daily (03.06.2024): European carbon prices declined by 2% on Friday, in tandem with bearish natural gas prices despite a strong auction result
Oil prices fell on Friday as investors repositioned ahead of the weekend and an anticipated OPEC+ meeting expected to discuss the extension of production cuts. Consequently, Brent crude settled at $81.62 per barrel, a 0.3% decline from the previous day, while WTI crude dropped by 1.2% to close at $76.99 per barrel.
read more... 03/06/2024