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Daily (01.07.2021): EUAs hovered near all-time highs on Wednesday on optimism about European reforms and higher gas prices
Oil prices rebounded on Wednesday as U.S. crude stockpiles fell last week for the sixth straight week. In addition, an OPEC report foresaw an undersupplied market this year, boosting crude demand. As a result, Brent crude edged 0.5% higher to end at $75.13 a barrel. The American WTI increased by 0.7% to settle at 73.47 a barrel.
read more... 01/07/2021
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Norwegian 3Q gas output could be quick
Strong output from flexible fields could lift Norway's third quarter gas production close to its highest in recent years.
read more... 01/07/2021
Daily (30.06.2021): EUAs hiked at fresh six-week highs on Tuesday amid bullish gas, upcoming carbon market reform
Crude oil prices stabilised on Tuesday, with the market still focused on the upcoming OPEC summit, where the organization is set to plan their output strategy for the coming months. Hence, Brent crude steadied at $74.76 a barrel. At the same time, U.S. WTI crude ended rather flat at $72.98 a barrel.
read more... 30/06/2021
Daily (29.06.2021): British gas prices retreated on Monday amid improved supply from Norway and despite strong carbon prices
Crude oil prices opened the week on the back foot after the oil market hit a three-year high on Friday. Increasing number of the new so-called Delta variant and expectations that OPEC+ producers will boost supply at an upcoming meeting put pressure on crude prices on Monday. Hence, Brent crude shed by 2% to settle at $74.68 a barrel. U.S. WTI crude ended at $72.91 a barrel, falling by 1.5% day-on-day.
read more... 29/06/2021
Norway's Equinor aims to triple UK hydrogen production capacity
Norwegian oil and gas firm Equinor said on Tuesday it had raised its hydrogen production goal in the United Kingdom to 1.8 gigawatts (GW), following a visit of Britain's Business Secretary Kwasi Kwarteng to Oslo.
read more... 29/06/2021