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Daily (10.11.2022): British gas prices extend losses on Wednesday due to consistent deliveries
Higher-than-expected growth in U.S. stockpiles weighed on the oil prices on Wednesday. Moreover, concerns over an increase in COVID-19 cases in top importer China might have an impact on demand. Thus, the Brent crude contract ended 2.8% lower at $92.65 a barrel. WTI crude traded 3.5% down at $85.83 per barrel.
read more... 10/11/2022
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EU Commission said gas price cap impossible as requested
The European Union's executive body told its 27 member countries at a seminar on Monday that it was not possible to create a gas price cap that would not affect long-term contracts or supply security, two diplomatic sources told Reuters.
read more... 10/11/2022
Daily (08.11.2022): Strong LNG supply and high storage levels continue to weigh on European gas prices
After reaching more than two-month highs crude oil prices fell amid mixed signals. Chinese policymakers are considering removing the severe COVID-19 limitations on the economy, however, with no deadline established. As a result, WTI declined by 0.9% to $91.79 a barrel, while Brent crude decreased by 0.7% to end at $97.92.
read more... 08/11/2022
Dutch regulator probes possible TTF hub manipulation
The Dutch financial market regulator AFM is investigating possible manipulation of trades in the European benchmark TTF gas hub, a spokesman told Montel on Friday.
read more... 07/11/2022
German gas subsidy plan may raise prices
German plans to subsidise households’ gas bills from next year risk impairing competition between suppliers and ultimately raising prices, the Leibniz Centre for European Economic Research (ZEW) said on Friday.
read more... 07/11/2022