Latest news
Daily (03.01.2023): European spot power prices skyrocketed on Monday, amid the end of holidays and expectations of low wind power generation
Oil prices traded flat on Monday, due to ongoing concerns about demand in China and fears of a global recession. Consequently, Brent crude ended at $85.91 a barrel and WTI oil still at $80.26 a barrel.
read more... 03/01/2023
Daily (30.12.2022): British gas prices increased on Thursday amid lower Norwegian exports
Crude oil prices continued to decline on Thursday, weighed by concerns that China’s demand will remain sluggish as the world’s biggest crude importer struggles with soaring Covid infections at a time of easing coronavirus restrictions. Hence, Brent crude fell by 1.2%, to settle at $82.26 a barrel. U.S. West Texas Intermediate crude settled at $78.40 per barrel, down by 0.7%.
read more... 30/12/2022
Daily (29.12.2022): Crude oil prices ended lower on Wednesday amid a surge of COVID cases in China
Crude oil prices softened on Wednesday, with the benchmarks reversing from their highest settlements in nearly four weeks in the previous session as traders weighed concerns about an increase in COVID-19 cases in China against the possibility that easing pandemic restrictions in the country would boost fuel demand. Hence, Brent crude fell by $1.07, or 1.3%, to settle at $83.26 a barrel, while U.S. West Texas Intermediate crude settled at $78.96 per barrel, down 57 cents, or 0.7%.
read more... 29/12/2022
Daily (28.12.2022): European spot electricity prices fell sharply on Tuesday amid higher wind generation
Crude oil prices barely changed on Tuesday as restarts at some U.S. energy plants closed by winter storms offset gains from hopes of a demand recovery as China eases COVID-19 restrictions. Hence, Brent crude rose by 41 cents, or 0.5%, to settle at $84.33 a barrel, while U.S. West Texas Intermediate crude settled 3 cents lower at $79.53 per barrel.
read more... 28/12/2022
Daily (26.12.2022): Oil prices rose on Friday amid concerns of decreasing Russian supply
Oil prices were bullish on Friday amid signals of decreasing Russian supply which outweighed concerns for rate hikes in the US and China’s Covid19 uncertainty. Consequently, Brent crude increased by 3.6% to $83.92 a barrel and WTI oil ended 2.6% higher at $79.56 a barrel.
read more... 26/12/2022