Latest news

Daily (08.11.2022): Strong LNG supply and high storage levels continue to weigh on European gas prices

After reaching more than two-month highs crude oil prices fell amid mixed signals. Chinese policymakers are considering removing the severe COVID-19 limitations on the economy, however, with no deadline established. As a result, WTI declined by 0.9% to $91.79 a barrel, while Brent crude decreased by 0.7% to end at $97.92.

read more... 08/11/2022

news

Daily (26.10.2022): British gas prices declined on Tuesday due to full storage rate, robust supply and low demand

On Tuesday, oil prices increased slightly due to a weaker dollar and supply issues raised by Saudi Arabia's energy minister. Thus, Brent crude settled 0.3% higher at $93.52 a barrel. At the same time, WTI crude ended 0.9% higher at $85.32.

read more... 26/10/2022

news

Daily (25.10.2022): British near-term gas prices plummeted on Monday due to milder weather and oversupply

Oil prices fell slightly in a choppy trade on Monday as data revealed China's demand remained sluggish in September and the US currency strengthened. However, poor US business activity data reduced expectations for more aggressive interest rate hikes, limiting losses. As a result, Brent crude decreased by merely 0.3% to end at $93.26 per barrel. At the same time, WTI crude edged 0.6% lower at $84.58 per barrel.

read more... 25/10/2022

news

Gas supply for 2023 remains at risk

Europe has successfully refilled its gas storage facilities to almost full capacity ahead of winter but the outlook for next year remained precarious, the head of European gas at Energy Aspects said on Monday.

read more... 25/10/2022

news

Mercedes-Benz in preliminary offshore wind deal for electricity from 2027

Mercedes-Benz has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday.

read more... 19/10/2022

news