Rising energy prices

The price of natural gas rose by 17% on Wednesday, July 27, due to the new cut in Russian natural gas exports announced for that date. The price of gas reached its highest price in 5 months, above 200€/MWh.

The price of EUAs fell last Thursday in reaction to developments in the natural gas market, with industries fearing a recession and a cut in production.

The price of oil rose by more than 5% between last Tuesday and Friday due to a higher volume of demand than available supply.

However, prices fell again this week due to a slight increase in supply, particularly from Libya, and an easing of EU restrictions on Russian oil.

On the other hand, in the current economic context, European industrial activity is slowing down, and Chinese industrial activity has also fallen, reducing demand for oil on the market.

August 03, 2022