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Daily (27.11.2018): German spot power price hiked by 22% on Monday, on lower wind generation forecasts
Oil prices gained ground on Monday, on expectations for a reduction in Saudi Arabia’s output, which hit a record level of approximately 11 million barrels per day this month. Moreover, crude inventories at the delivery point for WTI at Cushing, Oklahoma rose less-than-predicted from Tuesday to Friday. However, gains were capped by persisting uncertainty over global economic growth. Brent crude was at $60.48 a barrel, while WTI crude ended at $51.63 a barrel, adding 2.9% and 2.4% respectively.
read more... 27/11/2018
Daily (26.11.2018): Brent crude lost 6.1% on Friday, on worries about oversupply
Concerns over abundant crude supplies and a deceleration in world economic expansion put heavy pressure on oil prices on Friday. Moreover, global equity markets plunged as well. Brent crude tumbled to $58.8 a barrel, posting a 12% loss week-on week. Meanwhile, WTI crude prices fell to $50.42 a barrel, or a 11% decline for the week.
read more... 26/11/2018
Daily (23.11.2018): Oil prices tumbled by 1.4% to hit new one-year lows on Thursday due to a sharp rise in inventories
Oil prices reversed trend on Thursday slumping to new one-year lows, after U.S. stocks reached the highest level since December last year, adding to concerns about global oversupply. Both Brent and WTI traded 1.4% lower at $62.6 a barrel and $53.86 a barrel, respectively.
read more... 23/11/2018
Daily (22.11.2018): Carbon prices jumped by over 5% on Wednesday in a strong auction
Oil prices were seen recovering on Wednesday, after U.S. government data indicated stronger demand for refined fuels. Nevertheless, concerns over increasing global crude supply are persisting.
read more... 22/11/2018
Electricity prices in Norway increase 66% in 3Q18
The average price of electricity for households in Norway increased by 66 percent in the third quarter of 2018, compared to the same period of the previous year, Statistics Norway (SSB) said on Thursday.
read more... 22/11/2018