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Daily (18.03.2024): Gas prices rose sharply on Friday, boosted by LNG supply concerns due to rising Asian demand
Oil prices retreated slightly on Friday as investors took profits after prices hit a four-month high on Thursday. Hence, the Brent crude oil stabilized at $85.34 a barrel, while WTI crude stood at slightly above $81 a barrel.
read more... 18/03/2024
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
EU carbon border tax will do little to cut emissions
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday.
read more... 26/02/2024
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Europe still at risk of winter energy supply shortfall
Europe may still face a shortfall in energy supply this winter, depending on the return of Asian LNG demand, temperatures and the ramp up of French nuclear power, IEA executive director Fatih Birol told Montel on Wednesday.
read more... 09/06/2023
Daily (25.04.2023): Crude oil prices rose by 1% on Monday amid growing demand in China
Crude oil prices continued to rebound on Monday amid upbeat demand signals from Asia. Bookings made in China for travels overseas for the approaching May Day holiday indicate that travel to Asian nations is still recovering. Hence, Brent crude rose by $1.07, or 1.3%, to settle at $82.73 a barrel. Meanwhile, U.S. WTI crude settled up 89 cents, or 1.1%, to end at $78.76.
read more... 25/04/2023