Strong uncertainty around the timing of a potential return of Iranian oil on the market pushed the OPEC+ group to just confirm what had been decided previously: output will increase further in July, but nothing is planned afterwards. Brent 1st-nearby prices almost touched their highest level of the year, above $71/b, before adjusting slightly downwards. The WTI reached a two-year high.
The forecasts of strong renewable production offset the expectations of higher power demand induced by the falling temperatures and pressured the European power spot prices…
The power spot prices in NWE fell below the clean gas costs yesterday, pressured by forecasts of weaker demand and surging wind output. Prices reached…
The EUR/USD exchange rate plunged yesterday after Christine Lagarde reaffirmed her belief that inflation would quickly fall below 2% and that an ECB rate hike was highly unlikely by…
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