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Daily (03.03.2022): Gas prices spiked on Wednesday amid fears of disruptions to Russian imports
Oil prices climbed on Wednesday hit their highest levels since 2008 after OPEC and its oil-producing allies, which includes Russia, decided to hold production steady. Hence, Brent crude soared by 7.6% to end at $112.93 a barrel. U.S. WTI crude surged by 7% to settle at $110.60 a barrel.
read more... 03/03/2022
Hydrogen production in Germany ‘at the ready’ and about to boom
The German economy and climate protection minister, Robert Habeck, has said hydrogen would soon establish itself as a key component of the energy transition, according to a report carried by Der Spiegel.
read more... 17/02/2022
Daily (07.02.2022): German and French forward power contracts jumped by more than 4% on Friday, on record high CO2 prices and bullish gas markets
Crude oil prices ended higher on Friday, on worries about the continued Ukrainian crisis and insufficient production from OPEC members. Moreover, a winter storm that hit the US, impacting production and supply, also boosted prices. As such, Brent oil rose by 2.4% to $93.27 a barrel and WTI crude gained 2.3% at $92.31 a barrel.
read more... 07/02/2022
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Finland's new nuclear reactor pushed back by a month
Starting up electricity production at Finland's new Olkiluoto 3 nuclear reactor has been postponed to late February, operator Teollisuuden Voima (TVO) said in a statement late on Thursday.
read more... 07/02/2022
Daily (04.02.2022): U.S. WTI crude jumped above $90 on Thursday for the first time since 2014
Oil prices climbed back above $90 a barrel, after OPEC and its oil-producing allies decided to stick to a previously announced schedule and increase March production by 400,000 barrels per day, despite mounting pressure from consuming countries to raise supply. Meanwhile, U.S. crude inventories dropped more than expected last week, with stockpiles sitting below their five-year average. As such, Brent crude moved 1.8% higher to $91.11 a barrel. The American WTI crude settled at $90.27, 2.3% up, for the first time since 2014, as demand for petroleum products surges.
read more... 04/02/2022