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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
Daily (29.10.2021): Gas markets lost significant ground on Thursday, following President Putin statement on higher flows from Russia in November
Oil prices extended losses on Thursday, on previous news of an increase in US crude reserves. However, the market recovered as OPEC+ announced forecasts of a larger-than-expected drop in global stocks this year. Hence, Brent oil slipped by 0.3% to $84.32 a barrel and WTI crude edged 0.2% higher at $82.81 a barrel.
read more... 29/10/2021
Daily (27.10.2021): Oil prices hit their highest levels since 2014 amid ongoing concerns about supply
Oil prices continued their steady uptrend on Tuesday, with the benchmarks hitting their highest levels in almost seven years amid limited supply from particularly OPEC and on growing global demand. Hence, Brent crude rose slightly by 0.5% to settle at $86.40 a barrel. U.S WTI crude increased by 1% to close at $84.65 a barrel.
read more... 27/10/2021
Daily (15.10.2021): Oil prices climbed to multi-year highs on Thursday as Saudi Arabia dismissed calls for additional OPEC+ supplies
Crude oil prices climbed to hit multi-year highs on Thursday after Saudi Arabia, one of the main crude oil producers in the world, rejected to follow the policy of OPEC+ to increase their output for price controls. Additionally, the International Energy Agency (IEA) said surging natural gas prices could boost demand for oil among power generators. Hence, Brent crude rose by 1% to settle at $84.00 a barrel, the highest level since October 2018. U.S. WTI crude increased by 1% to close at $81.31 a barrel, hitting a seven-year record high.
read more... 15/10/2021
Daily (14.10.2021): British near-term gas prices edged up on Wednesday on low storage, high LNG
Oil prices traded down in a steady trading on Wednesday amid profit-taking, while traders assessed OPEC’s skepticism around the strength of crude demand even after prices hit the highest since 2014. Hence, Brent crude settled 24 cents, or 0.3%, lower at $83.18 per barrel. U.S. West Texas Intermediate (WTI) crude eased by 20 cents, or 0.3%, to end at $80.44.
read more... 14/10/2021