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Oil prices fall amid continued economic growth concerns

Date: 03.02.2023 Author: Robin Newbold, Montel
Oil prices fall amid continued economic growth concernsPhoto: Montel

Oil prices were falling on Friday amid economic growth concerns, with yesterday’s upside momentum fading.

OMV sees German gas prices at EUR 60-70/MWh in 2023

Date: 02.02.2023 Author: Christian Driessen, Montel
OMV sees German gas prices at EUR 60-70/MWh in 2023Photo: Martina Budal

Austrian energy company OMV expects German gas prices to average between EUR 60-70/MWh this year, around half the average of EUR 122/MWh last year when prices spiked in the wake of Russia’s invasion

Acer sets reference LNG price for gas cap at EUR 55.21

Date: 02.02.2023 Author: Siobhan Hall, Montel
Acer sets reference LNG price for gas cap at EUR 55.21Photo: MZOE

Acer has set the first daily reference LNG price to be considered in automatically triggering an EU gas price cap at EUR 55.21/MWh, the EU energy regulatory agency said late on Wednesday.

Gas prices unlikely to fall further as demand rises – SEB

Date: 02.02.2023 Author: Laurence Walker, Montel
Gas prices unlikely to fall further as demand rises – SEBPhoto: Roman Peklaj

Europe’s gas prices have limited scope to drop further as lower prices encourage demand but deter LNG supplies, said Sweden’s SEB bank on Thursday.

Oil prices rise after Wednesday’s drop on US inventory surge

Date: 02.02.2023 Author: Montel
Oil prices rise after Wednesday’s drop on US inventory surgePhoto: Montel

Oil prices edged higher early Thursday, clawing back from a three-week low reached the previous session when official US data showed a larger-than-expected increase in the nation’s commercial crude

Uniper flags lower than expected loss as gas price falls

Date: 01.02.2023 Author: Julia Demirdag, Montel
Uniper flags lower than expected loss as gas price fallsPhoto: © European Communities, 2009

German utility Uniper has flagged up a lower than expected loss for full-year 2022 – EUR 19.1bn – due to falling gas prices, it said on Wednesday.

EC proposes easier access to state aid for clean tech

Date: 01.02.2023 Author: Siobhan Hall, Montel
EC proposes easier access to state aid for clean techPhoto: www.pixabay.com

The European Commission has proposed making it temporarily easier for renewable energy and industrial decarbonisation projects to access state aid.

N. Macedonia to set tender for gas pipeline to Greece in February

Date: 01.02.2023 Author: Montel
N. Macedonia to set tender for gas pipeline to Greece in FebruaryPhoto: TAP AG

North Macedonia will launch a construction tender for a natural gas pipeline with Greece in two weeks, Macedonian energy minister Kreshnik Bekteshi told a conference in Skopje on Tuesday.

Russian gas flows to jump 27% today

Date: 01.02.2023 Author: Marcin Czekanski, Montel
Russian gas flows to jump 27% todayPhoto: Gazprom

Russia will export almost 24mcm of gas to northwestern Europe on Wednesday, 27% more than on Tuesday, pipeline operator data showed.

Oil firms as Opec+ seen keeping output policy unchanged

Date: 01.02.2023 Author: Montel
Oil firms as Opec+ seen keeping output policy unchangedPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices edged higher on Wednesday amid market expectations that Opec and its Russia-led allies will keep their production policy unchanged despite a rebound in demand from China.

EU LNG supply abundant as Asian demand wanes – analysts

Date: 31.01.2023 Author: Andrés Cala, Montel
EU LNG supply abundant as Asian demand wanes – analystsPhoto: UMAS London

Waning Asian LNG demand in February would mean an abundance of supply for Europe should it be needed, though EU demand was also set to soften next month, analysts told Montel.

Oil dips on fears of rate hikes, continued Russian supply

Date: 31.01.2023 Author: Ciara Cunnane, Montel
Oil dips on fears of rate hikes, continued Russian supplyPhoto: Montel

Oil prices dropped for the second consecutive session on Tuesday morning as the spectre of further interest rate hikes and continued Russian crude supplies outweighed positive signals of demand



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