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Daily (26.10.2021): British gas prices moved higher on Monday amid cold weather forecasts, bullish fuel markets
Oil prices steadied on Monday in absence of any significant event on the market, with the market remaining focused on the tight global supply. Hence, Brent crude rose by 0.5% to settle at $85.99 a barrel. U.S. WTI crude remained unchanged at $83.76 a barrel.
read more... 26/10/2021
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Italy urges EU to start work now on joint gas storage plan
Italy has urged the European Union to start work immediately on a plan to create a joint storage system for strategic gas reserves, Prime Minister Mario Draghi said on Friday.
read more... 25/10/2021
Daily (22.10.2021): European front-year power contrats slumped on Thursday amid softer gas
Crude oil prices retreated on Thursday, taking a breather after hitting their multi-year highs amid forecasts of a warm U.S. winter and concerns about the effect of coronavirus pandemic restrictions on global economic recovery. However, prices remain elevated as the energy supply crisis persists. Hence, Brent crude fell by $1.21 or 1.4% to $84.61 a barrel. U.S. WTI crude settled down 92 cents or 1.10% to $82.50.
read more... 22/10/2021
Daily (19.10.2021): British gas prices soared on Monday as pipeline auctions disappoint
Oil prices diverged, pairing multi-year highs on Monday amid a fall in US industrial production in September along with weaker GDP numbers from China. Hence, Brent crude lost 0.6% to settle at $84.33 a barrel. U.S. WTI crude settled 0.2% higher, at $82.44 a barrel.
read more... 19/10/2021
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Nord Stream 2 fills first gas string
Gazprom has filled one of the two strings that make up its 55bn m³/yr Nord Stream 2 pipeline with operational gas.
read more... 19/10/2021