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Daily (05.11.2021): British near-term gas prices dropped sharply on Thursday after resumption of Russian gas flows to Germany through Yamal
Oil prices fell on Thursday, reversing earlier gains in a volatile session following news that Saudi Arabia's oil output will soon exceed 10 million barrels per day for the first time since the COVID-19 pandemic began. Hence, Brent crude decreased by 1.8% to settle at $80.54 a barrel, the lowest level since October 1. At the same time, U.S. WTI crude fell by 2.5%, to settle at $78.81 a barrel, the lowest level since October 7.
read more... 05/11/2021
Daily (04.11.2021): Oil prices lost more than 3% on Wednesday, weighed by an increase in US crude stocks
Crude oil prices retreated on Wednesday, following news that US crude reserves had risen again on a weekly basis by a larger-than-expected amount. Hence, Brent oil decreased by 3.2% to $81.99 a barrel and WTI crude fell by 3.6% to $80.86 a barrel.
read more... 04/11/2021
Daily (03.11.2021): British gas prices climbed on Tuesday amid low supplies from Russia, weak wind generation
Crude oil prices moved sideways on Tuesday ahead of weekly U.S. supply reports expected to show a rise in crude inventories and ahead of OPEC+ meeting. Hence, Brent crude ended rather flat at $84.72 a barrel. U.S. WTI crude lost 0.2% to end at $83.91 a barrel.
read more... 03/11/2021
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Asia is buying more Middle East crudes as price advantage widens
Middle East crude oil exporters are re-building market share in the key Asia region, a trend likely to continue as the price advantage of local grades against those from the Atlantic Basin jumps to the most in eight years.
read more... 03/11/2021
Daily (02.11.2021): German, French spot electricity prices hovered at above 200 EUR/MWh on Monday amid low renewable generation
Crude oil prices increased slightly on Monday amid expectations that OPEC+ would stick to existing production quotas at their meeting on Thursday. Hence, Brent crude added 0.4% to settle at $84.71 a barrel. U.S. WTI crude ended at 84.05 a barrel, increasing by 0.6% day-on-day.
read more... 02/11/2021