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China to release more than 10 million tonnes of coal from reserves
China will release more than 10 million tonnes of coal from state reserves to ensure steady supply to the market, the state planner said in a statement on Thursday.
read more... 16/07/2021
Daily (15.07.2021): EUAs gained 1% on Wednesday after the publication of the ETS reform proposals
Crude oil prices ended lower on Wednesday, following reports of weaker demand and prospects of increased black gold supply from OPEC+ members. Losses, however, were limited by a further drop in US crude reserves. Brent oil fell by 2.3% to $74.76 a barrel and WTI oil declined by 2.8% to $73.13 a barrel.
read more... 15/07/2021
Daily (24.06.2021): The German day-ahead power price extended its 4-year high on forecasts for less wind generation
Crude oil prices advanced on Wednesday, as the EIA weekly report showed another drop in US crude reserves. Hence, Brent oil gained 0.5% to settle at $75.19 a barrel, while WTI crude edged 0.3% up at $73.08 a barrel.
read more... 24/06/2021
Daily (18.06.2021): Oil prices took a breather from the long-lasting uptrend due to a strong Dollar and a hike in UK Covid cases
Crude oil prices retreated from their highest level in years on Thursday amid a strong U.S. Dollar after the U.S. Federal Reserve signaled it might raise interest rates as soon as 2023. The hike in new coronavirus cases in the UK put additional pressure on oil prices. Hence, Brent crude dropped by 1.8% to settle at $73.08 a barrel. Meanwhile, U.S. WTI crude fell by 1.5% to end at $71.04 a barrel.
read more... 18/06/2021
Daily (17.06.2021): Crude oil prices strengthened on Wednesday amid declining US crude reserves
Oil prices rose on Wednesday, supported by declining crude reserves in the United States, according to the EIA’s weekly report. However, a fluctuating US dollar due to inflation concerns had limited gains. As a result, Brent oil edged 0.5% higher at $74.39 a barrel, while WTI crude closed on par with Tuesday’s settlement, at $72.15 a barrel.
read more... 17/06/2021