Latest news
Daily (14.12.2023): Forward gas prices traded higher on Wednesday as colder weather forecasts counterbalanced ample supply
On Wednesday, oil prices rebounded, supported by a decline in US crude inventories and a more relaxed tone from the Federal Reserve. As a result, Brent crude ended at $74.26, and WTI crude settled at $69.47 per barrel, with both contracts recording gains of over 1%.
read more... 14/12/2023
Daily (13.12.2023): Oil prices hit a 6-month low on Tuesday, driven by oversupply concerns and gloomy global economic outlook
Oil prices posted a sharp decline by about 4% on Tuesday, hitting a 6-month low, weighed down by fears of an oversupply of crude, a gloomy global economic outlook and US inflation that is not slowing down as easily. The Fed, the ECB and the BoE are all set to unveil interest rate decisions this week as investors await their impact on the global economy and oil demand. Hence, Brent crude settled at $73.324, while WTI crude closed at $68.61 per barrel.
read more... 13/12/2023
EU ministers to agree energy measures extension
EU ministers are likely to approve the prolonging of several emergency energy measures, including a gas price cap, by at least a year at a meeting next Tuesday, said a senior diplomatic source on Tuesday.
read more... 13/12/2023
.jpg)
EU solar power growth expected to slow in 2024-25
Growth of EU solar power installations may slow by 24% in 2024 and 23% in 2025 in the face of weaker wholesale electricity prices and problems getting permits and grid connections, an industry association forecast on Tuesday.
read more... 13/12/2023
Daily (12.12.2023): European carbon prices hit a 14-month low on Monday, driven by falling gas prices
On Monday, oil prices saw a modest increase as investors were cautious in anticipation of a week filled with market reports and decisions on monetary policy. As a result, Brent crude closed slightly above $76, while WTI crude ended at $71.32 per barrel.
read more... 12/12/2023