Latest news
Daily (04.03.2024): WTI crude oil surged to $80 on Friday amid production concerns and resumed active purchasing
On Friday, WTI crude oil experienced a significant increase, hovering around $80 for the first time since November. This surge occurred as the market resumed active purchasing amid production concerns in the US and expected supply tightness. Meanwhile, the Brent crude oil ended rather stable to bearish at $83.55 a barrel as demand concerns weighed.
read more... 04/03/2024
.jpg)
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
European LNG consumption to peak in 2025
LNG demand in the EU, the UK, Turkey and Norway will peak in 2025 at 169bcm and drop to 133bcm by 2030, the Institute of Energy Economics and Financial Analysis (IEEFA) said on Wednesday.
read more... 22/02/2024
Daily (21.02.2024): British near-term gas prices turned bullish on Tuesday due to reduced Norwegian flows and stronger demand
On Tuesday, oil prices fell due to concerns over a recession and weaker demand. Brent crude dropped by 1.5% to $82.34, while WTI Crude decreased by approximately 2% to $77.04, despite potential supply disruptions caused by the ongoing political conflict in the Middle East.
read more... 21/02/2024
Daily (20.02.2024): Carbon prices plummeted on Monday, following an aggressive selling
Oil prices were mixed on Monday. Brent crude edged 0.1% higher at $83.56, amid ongoing geopolitical tensions that continue to impact the market. Meanwhile, WTI Crude declined by about 1% to $78.47, amid signs of weaker demand.
read more... 20/02/2024