Energy Market Overview

Energy Market Overview

Energy Market Overview 04.04.2023: OPEC’s decision could push gas prices up again by the end of the year

The decision made over the weekend by the OPEC oil cartel to limit crude oil production caught the markets by surprise, and the oil price went up by 6% to 85 USD/bbl on Monday. According to analysts, if that decision is upheld, oil prices could go up to 110 USD/bbl by the end of the year. Such an increase in oil prices would inevitably lead to natural gas prices going up as well.

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Energy Market Overview

Energy Market Overview 21.03.2023: NATO and the EU are planning greater protection of the European energy infrastructure

Russia’s energy war against Europe made Norway one of the most important gas suppliers in the region, expected to remain in this role for years to come. In the aftermath of the Nord Stream gas pipeline explosions in the fall, energy security will be taken to the next level as the critical energy infrastructure is going be guarded by NATO forces.

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Energy Market Overview

Energy Market Overview 21.02.2023: The speed of restoring gas reserves will determine the price of electricity next winter

During the last weeks, the price of electricity has remained at a constant level and the price of natural gas has dropped significantly thanks to favourable weather conditions. However, according to experts, the price of gas will move up again as the year progresses, but how high and how quickly will depend on the pace at which reserves will be restored.

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