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Daily (05.03.2024): Gas and carbon prices extended their gains on Monday amid cold weather forecasts and reduced LNG flows
Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
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EU lawmaker alliance calls for ban on all Russian energy, including gas
A broad coalition of members of the European Parliament has written to the leaders of EU institutions urging them to ban all Russian energy from Europe, including pipeline gas and LNG.
read more... 04/03/2024
British Gas launches fixed tariff £30 below Ofgem cap
British Gas has unveiled its latest Price Promise tariff, priced at £1660 for the average dual fuel household starting from 1st April, marking a £30 reduction below the Ofgem price cap.
read more... 01/03/2024
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EU Proposes Member States Maintain Measures to Reduce Natural Gas Demand
The European Commission proposed on Tuesday that EU member states continue taking voluntary measures to maintain a collective 15% gas demand reduction compared to the five-year average to March 2022, as the bloc looks to continue stabilizing its energy and gas supply.
read more... 29/02/2024
Daily (28.02.2024): Oil prices extended gains on Tuesday amid rising tensions in the Middle East
On Tuesday, oil prices saw a notable rise amid rising tensions in the Middle East and tightening supplies. The suspension of some Russian gasoline exports also lent support to prices. Consequently, Brent crude oil price increased by 1.4% to $83.65 a barrel, while WTI Crude gained 2% to settle at $78.87 a barrel.
read more... 28/02/2024