Latest news
.jpg)
OPEC+ Reaches Deal “In Principle” on Oil Output Cuts
OPEC+ reached a deal on Thursday that would see the group’s oil production cuts spill over into the new year—and at a level that is a deeper cut than is currently in place, delegates said following today’s JMMC meeting.
read more... 01/12/2023
Daily (30.11.2023): Gas prices tumbled on Wednesday, driven by falling demand and a well-supplied market
Oil prices increased by about 2% on Wednesday, driven by optimistic reports suggesting that the OPEC+ alliance is contemplating additional reductions in oil production. Consequently, Brent crude settled at $83.10 per barrel, while WTI crude ended at $77.86 per barrel.
read more... 30/11/2023
Italy approves measures to boost energy security, renewable power
Italy on Monday approved a decree to boost its energy security and renewable power production, with the minister for ecological transition saying the package was expected to trigger 27.4 billion euros ($29.89 billion) in investments.
read more... 28/11/2023
Daily (27.11.2023): Oil prices declined by 1% on Friday amid market’s waning confidence in OPEC's production quota adjustments
On Friday, oil prices declined by more than 1% in a thinly traded market where confidence in a substantial adjustment to production quotas by OPEC and its allies has diminished. Consequently, Brent crude settled at $80.58 per barrel, while WTI crude ended at $75.54 per barrel.
read more... 27/11/2023
.png)
Daily (24.11.2023): Carbon and gas prices were strongly bullish on Thursday amid colder weather forecasts
Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023