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Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.
Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.
read more... 06/07/2020
Poland's May coal output and sales fall to lowest on record
Poland generates almost 80 per cent of its electricty from coal but the industry is facing financial problems due to falling demand and rising production costs
read more... 02/07/2020
Daily (29.06.2020): Brent and WTI dropped by 2.8% and 3.2% for the week as the coronavirus spread is likely to cloud the demand outlook
Crude oil futures turned bearish on Friday as the spread of coronavirus in the U.S. and China are expected to hurt demand recovery. However, a record build-up in U.S. crude inventories added further pressure on the WTI crude price. Hence, Brent crude steadied at $41.02 a barrel. At the same time, U.S. WTI crude fell by 23 cents, or 0.6%, to settle at $38.49 per barrel. For the week, Brent dropped by 2.8%, while WTI crude shed by 3.2%.
read more... 29/06/2020
Daily (25.06.2020): Oil prices fell sharply by over 5% on Wednesday amid surging coronavirus cases and a record increase in U.S. crude stocks
Crude oil futures fell sharply on Wednesday as new coronavirus cases in Germany and across several U.S. states is threatening oil recovery. Moreover, the record increase in U.S. crude inventories added further pressure on oil markets. Hence, Brent crude dived by $2.32, or 5.4%, to settle at $40.31 a barrel. At the same time, U.S. WTI crude ended at $38.01 a barrel, sinking by $2.36, or 5.8%.
read more... 25/06/2020
Daily (17.06.2020): Oil prices gained more than 3% on Tuesday on forecasts for record rise in demand for 2021
Crude oil futures edged higher in a volatile trading on Tuesday after the International Energy Agency (IEA) revised upwards its oil demand estimate for 2021, while upbeat economic figures in the United States added to the bullish trend. Hence, Brent crude for August delivery climbed by $1.24, or 3.1%, to settle at $40.96 a barrel. At the same time, U.S. WTI crude soared by $1.26, or 3.4% to settle at $38.38 a barrel.
read more... 17/06/2020