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Daily (21.09.2021): European power curve surged on Monday as gas rally shows no let-up
Crude oil prices retreated on Monday amid concerns over slowing economic growth in China, highlighted by a debt crisis faced by property developer Evergrande. Moreover, investors grew more risk averse, which hurt stock markets and spurred the U.S. dollar, making oil more expensive for holders of other currencies. Hence, Brent crude fell by $1.42, or 1.9%, to settle at $73.92 a barrel. U.S. WTI crude declined by $1.68, or 2.3%, to end at $70.29 a barrel.
read more... 21/09/2021
Daily (20.09.2021): Gas markets surged on Friday, as Gazprom books no addition transit capacity via Ukraine next week
Oil prices retreated on Friday, pressured by a stronger US dollar and the gradual recovery of production facilities in the Gulf of Mexico. As such, Brent oil slipped by 0.4% at $75.34 a barrel and WTI crude ended 0.9% lower at $71.97 a barrel.
read more... 20/09/2021
Daily (17.09.2021): European front-year electricity prices dropped by about 7% on Thursday in tandem with lower gas
Oil prices were rather steady on Thursday after hitting a multi-week high a day earlier. Prices were partly supported by the outlook of recovering oil demand as indicated by OPEC and IEA this week. On the other hand, the threat of disruptions by hurricane Nicholas receded. Hence, Brent crude added 0.3% to settle at $75.67 a barrel. U.S. WTI crude ended unchanged at $72.61 a barrel.
read more... 17/09/2021
Daily (16.09.2021): A fire at a UK-France power link led to massive gains for most of the European energy markets on Wednesday
Oil prices were bullish on Wednesday, lifted by a significant drop in US crude reserves, coupled with upwardly revised forecasts for demand from the International Energy Agency. As such, Brent oil climbed by 2.5% to $75.46 a barrel and WTI crude rose by 3.1% to $72.61 a barrel.
read more... 16/09/2021
Daily (15.09.2021): European Cal’22 power prices spiked to new record highs in tandem with gas
Oil prices set largely unchanged on Tuesday as concerns about Hurricane Nicholas’ threat to crude supply in the U.S. Gulf of Mexico faded. Hence, Brent crude ended rather stable at $73.60 a barrel. U.S. WTI crude was stable at $70.46 a barrel.
read more... 15/09/2021