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Daily (14.12.2021): European electricity prices hit new record-highs on Monday amid cold weather forecasts, bullish sentiment across gas market
Crude oil prices lost ground on Monday as doubts about the effectiveness of vaccines against the Omicron variant counterbalanced a bullish forecast for oil demand in the first quarter by OPEC. Hence, Brent crude fell by 76 cents, or 1.0%, to settle at $74.39 a barrel. U.S. WTI crude dropped by 38 cents, or 0.5%, to settle at $71.29 a barrel.
read more... 14/12/2021
Daily (07.12.2021): European carbon prices rallied to new record high above 80 EUR/t on Monday amid high buying interest
Oil prices climbed on Monday, with Brent trading comfortably back above $70 a barrel after the Saudi Arabia raised their official selling prices for all grades of their crude oil into Asia for January. Moreover, the market is hopeful that the new coronavirus mutation will not cause big new shutdowns that could stop the market’s recovery.
read more... 07/12/2021
Daily (03.12.2021): EUAs hit a new record level close to 80 EUR/tonne on Thursday
Crude oil prices rebounded on Thursday after OPEC+ surprised the market yesterday choosing to stick to its plan of increasing oil output by 400 000 barrels per day in January. Hence, Brent crude rose by 80 cents, or 1.2%, to settle at $69.67 a barrel. U.S. WTI crude increased by 93 cents, or 1.4%, to end at $66.50 a barrel.
read more... 03/12/2021
Daily (02.12.2021): European carbon prices gained nearly 2% on Wednesday, reaching a new record level amid bullish energy markets
Oil prices lost ground on Wednesday, pressured by lingering coronavirus fears. Moreover, prices suffered as OPEC+ members delayed their decision on whether to further raise their crude production or not. Thus, Brent oil fell by 2.4% to $68.87 a barrel and WTI crude ended 0.9% down at $65.57 a barrel.
read more... 02/12/2021
Daily (23.11.2021): European carbon prices climbed to a new record high on Monday despite gas declines
Crude oil prices rebounded to some extent on Monday but remained under pressure after Japan said it was considering releasing oil reserves and as the COVID-19 situation in Europe deteriorated, raising concerns about both oversupply and weak demand. The gains were attributed to new rumors that the OPEC countries, especially Saudi Arabia, are reconsidering the production agreement they reached a few weeks ago, if the US and China indeed release oil reserves
read more... 23/11/2021