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Daily (20.03.2023): Oil prices plunged by 2.3% on Friday amid the recent US banking turmoil
Crude oil prices declined on Friday, hovering to a near 13-month low driven by the recent US banking turmoil and expected US Fed rate hike. As a result, Brent oil and WTI crude both fell by 2.3% to trade at $72.97 a barrel and $66.74 a barrel, respectively.
read more... 20/03/2023
Daily (17.03.2023): European year-ahead power prices gained ground on Thursday tracking higher gas prices
Crude oil prices settled higher on Thursday following the news that Saudi Arabia and Russia met to discuss ways to improve market stability. Hence, Brent crude increased by 1.4% to $74.70 a barrel. At the same time, WTI crude gained 1% to end at $68.35 a barrel.
read more... 17/03/2023
Daily (16.03.2023): European power prices fell on Wednesday amid lower gas and CO2 prices
Oil prices had a bearish evolution on Wednesday due to a crisis in the banking sector and amid worries about the broader economy. Consequently, Brent crude decreased by 4.8% to $73.69 a barrel and WTI oil closed 5.2% lower at $67.61 a barrel.
read more... 16/03/2023
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US crude oil exports hit record high in 2022, EIA data shows
U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR) nearly matched the increase in domestic output to boost U.S. supply to countries looking to replace Russian crude.
read more... 16/03/2023
Daily (15.03.2023): Spot electricity prices in Europe soared on Tuesday, driven by rising demand and falling wind generation
In the wake of further monetary tightening, which triggered turbulence in the U.S. banking sector, oil prices ended sharply lower on Tuesday. Thus, Brent crude fell by 4% to $77.45 a barrel.
read more... 15/03/2023