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Daily (10.02.2023): Strong LNG flows and forecasts for warmer weather weighed on gas prices on Thursday
Oil prices edged lower on Thursday amid rising inventories and fresh concerns over US economic slowdown. Consequently, Brent crude slipped by 0.7% to $84.50 a barrel and WTI oil fell by 0.5% to $78.06 a barrel.
read more... 10/02/2023
Daily (09.02.2023): British gas prices tumbled on Wednesday amid predictions of warmer temperatures and healthy LNG supplies
Oil prices had a bullish evolution on Wednesday due to expectations that China's increased consumption of crude oil will further tighten the supply-demand balance in the market. Consequently, Brent crude rose by 1.7% to $85.09 a barrel and WTI oil increased by 1.7% to $78.47 a barrel.
read more... 09/02/2023
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EU launches global LNG reference price as gas cap looms
European Union regulators have launched a new reference price for liquefied natural gas (LNG), as part of plans to cap benchmark gas prices if they surge like they did last year after Russia curbed supply.
read more... 03/02/2023
Belgium largest energy supplier to EU neighbours in 2022
Belgium played a key role in supplying energy to its main neighbours in 2022, as it was France’s largest electricity supplier and Germany’s main transit country for natural gas.
read more... 03/02/2023
Daily (02.02.2023): British near-term gas prices gained ground for the third consecutive day on Wednesday, supported by cold weather.
Oil prices decreased on Wednesday reaching a 3-week low, amid data released from US officials indicating a larger-than-expected increase in the country’s commercial crude oil reserves, which hit a 20-month high. Consequently, Brent crude fell by almost 2% to $82.84 a barrel and WTI oil dipped by 3.1% to $76.41 a barrel.
read more... 02/02/2023