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Daily (18.12.2018): WTI crude plummeted by 2.6% on Monday, due to higher inventories and fears over global fuel demand
Oil prices decreased on Monday steeper than expected on worries that production cuts may not balance the market with decreased fuel demand. Accordingly, Brent crude was 1.1% down at $59.61 a barrel. Rising crude stocks also weighed down on the prices, with WTI crude falling 2.6% to $49.88 a barrel, its lowest since September 2017.
read more... 18/12/2018
Daily (17.12.2018): EUA’s hiked by 4.6% on Friday, or around 15% increase week-on-week.
Oil prices shed on Friday, after data indicated a lower-than-forecasted demand for crude in China and weaker stock markets. Brent crude lost 1.9% to $60.28 a barrel. Meanwhile, WTI crude tumbled by 2.6% to $51.20 a barrel.
read more... 17/12/2018
Daily (14.12.2018): European year-ahead power prices surged by over 2% on Thursday, amid a bullish energy complex
Oil prices rose on Thursday after a sharp decline in U.S. crude inventories. Accordingly, WTI crude increased by 2.8% to $52.58 a barrel. Concerns over a deficit of crude in the market, following the recent agreement between OPEC and Russia on a 1.2 million bpd production cut, also contributed to a price boost. Brent crude added 2.2% to close at $61.45 a barrel.
read more... 14/12/2018
Daily (13.12.2018): NBP spot gained 1.6% on Wednesday due to cooler weather forecasts
Oil prices edged slightly lower on Wednesday, after Iran’s minister stated that opinions within OPEC related to output reduction differ. Nevertheless, losses were capped by the recent decline in Libya’s exports. Brent crude was almost unchanged at $60.15 a barrel. WTI crude lost 1% to end at $51.15 a barrel.
read more... 13/12/2018
Daily (12.12.2018): Carbon prices slumped by more than 3% on Tuesday
Oil prices rose slightly on Tuesday, due to weaker equity markets and worries about a possible U.S. government closure following Trump’s declaration related to the Mexican Border Wall. Brent crude edged 0.4% higher at $60.2 a barrel. Additionally, Libya's National Oil Company (NOC) stated that a force majeure situation occurred at the nation's major oilfield. WTI crude soared by 1.3% to $51.65 a barrel.
read more... 12/12/2018