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Daily (21.07.2021): Carbon prices hit a 4-week low following weak auction activity
Crude oil prices closed higher on Tuesday, as the new OPEC+ deal should provide some stability to the market over the coming months in spite of the higher output. As a result, Brent crude oil rose 1.1% to $69.35 a barrel and WTI crude ended up 1.2% to $67.20 a barrel.
read more... 21/07/2021
Daily (20.07.2021): Oil prices slumped by around 7% on Monday as coronavirus cases increased worldwide
Oil prices plummeted on Monday, weighed by declining demand for black gold amid the coronavirus pandemic and the backdrop of the agreement on crude production between OPEC+ members. Brent oil tumbled by 6.8% to $68.62 a barrel and WTI crude lost 7.5% at $66.42 a barrel.
read more... 20/07/2021
Global markets sink on resurgent virus fears
World stocks and oil prices sank Monday as the spreading Delta variant of Covid-19 fueled fears of a faltering economic recovery, while the OPEC+ alliance agreed to hike output.
read more... 20/07/2021
Daily (19.07.2021): Gas prices increased on Friday, due to lower storage levels and concerns over Nord Stream 2
Oil prices traded range-bound on Friday amid persisting uncertainty over next month’s crude production from OPEC+ members. Brent oil and WTI crude both edged 0.2% higher at $73.59 and $71.81 a barrel respectively.
read more... 19/07/2021
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OPEC, allies reach ''full agreement'' after production spat
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a "full agreement" after an earlier dispute that roiled oil prices.
read more... 19/07/2021