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Daily (08.03.2024): Forward gas prices tumbled by over 2% on Thursday amid ample supply and high inventory levels
Oil prices exhibited a stable-to-bearish trend on Thursday due to consistent demand from Asia, despite possible supply disruptions caused by OPEC+ decision and the ongoing political turmoil in the Middle East. As a result, Brent crude remained steady at $82.96, while WTI Crude experienced a slight decrease of approximately 0.3% to settle slightly below $79.
read more... 08/03/2024
Daily (07.03.2024): Oil prices rallied on Wednesday amid US demand recovery and Fed rate cut speculations
On Wednesday, oil prices rebounded, driven by increased demand in the United States and statements from the President of the Federal Reserve (Fed) indicating potential interest rate cuts later this year. As a result, the Brent crude oil stood at $82.96 a barrel, while WTI crude settled at $79.13 a barrel.
read more... 07/03/2024
Daily (06.03.2024): Carbon prices rose by 6% on Tuesday, reaching the biggest daily gain in 15 months
Oil prices saw a minor decrease due to low demand on Tuesday, despite potential supply interruptions stemming from the current political unrest in the Middle East. Brent crude fell by 1% to $82.04, and WTI Crude also dipped by around 1% to $78.15.
read more... 06/03/2024
Daily (05.03.2024): Gas and carbon prices extended their gains on Monday amid cold weather forecasts and reduced LNG flows
Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
Europe’s industrial decarbonisation at risk amid sharp drop in CO2 price
The sharp drop in the EU’s CO2 price, caused by high energy prices and political uncertainty, risks the carbon market’s credibility – and may become an obstacle to the bloc’s industrial decarbonisation.
read more... 05/03/2024