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Daily (11.12.2018): Oil prices lost around 3% on Monday, on doubts that OPEC-led output cuts will be enough to support the market
On Monday, oil prices turned bearish on fears about global stock markets and doubts that OPEC-led production cuts will be enough to support the market. Brent crude dropped by 2.8% to settle at $59.97 a barrel. At the same time, WTI crude lost 3.1% to $51 a barrel.
read more... 11/12/2018
Daily (10.12.2018): German power spot price plunged by 72% on Friday due to strong wind generation
An agreement reached by OPEC, Russia and several other producers to reduce output in 2019 boosted oil prices on Friday. Brent crude surged by $1.61, or 2.7 percent, to $61.67 a barrel. WTI crude jumped by 2.2% to $52.61 a barrel.
read more... 10/12/2018
Daily (07.12.2018): Crude prices down by around 3% on Thursday, ahead of the final decision on OPEC supply cuts
Oil prices were strongly bearish on Thursday, as the OPEC meeting in Vienna ended without an announcement of a decision to reduce crude supply. Brent crude price plunged by 2.5% to $60.06 a barrel. WTI crude lost 2.7% to $51.49 a barrel. OPEC and its allies are likely to discuss today about the terms of supply cuts in order to support the market.
read more... 07/12/2018
Daily (06.12.2018): Gas and power prices fell on Wednesday: low demand, warm weather and strong wind generation
Oil prices slipped on Wednesday, as President Donald Trump expects steady crude flows. Brent crude price edged 0.8% lower to $62.08 a barrel. Meanwhile, WTI crude fell 0.7% to $52.89 a barrel, as losses were limited by potential cuts in oil production.
read more... 06/12/2018
Daily (05.12.2018): NBP spot price dropped by 3.3% on Tuesday due to warmer weather and oversupply
Oil prices gained further momentum on Tuesday, on expectations for supply shortages, a subject to be discussed at the meeting between the OPEC and Russia in Vienna on the 6th of December. Brent crude price traded 0.6% higher at $62.08 a barrel. At the same time, the cut in Canadian production in the efforts to help OPEC limit oversupply also boosted prices. WTI crude surged by 0.6% at $53.25 a barrel.
read more... 05/12/2018