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Daily (14.11.2018): Oil prices dropped by around 7% on Tuesday, due to oversupply
Oil prices plummeted on Tuesday, due to a rise in production and concerns over a slower consumption growth in 2019. OPEC and non-OPEC members are discussing the need for output reductions to avoid a significant rise in stocks. Brent crude declined by 6.6% to settle at $65.47 a barrel, while WTI crude tumbled by 7.1% to end at $55.69 a barrel.
read more... 14/11/2018
Daily (13.11.2018): NBP spot gas price added almost 8% on Monday, due to stronger demand
Oil prices edged lower on Monday, following OPEC’s reaction to add more supply in order to cover potential losses of Iranian barrels, after sanctions against crude exports from the Islamic Republic were re-imposed on November 4. Brent crude was almost flat at $70.12 a barrel, while WTI crude lost 0.4% to $59.93 a barrel.
read more... 13/11/2018
Daily (12.11.2018): German electricity spot price fell by 27.6% on Friday due to an oversupplied system
Stronger global supply alongside increased fears over lower rhythm of demand growth led to bearish oil prices on Friday. Brent crude lost $0.47, or 0.7% to end at $70.18 a barrel. WTI futures traded $0.48, or 0.8% lower at $60.19 a barrel.
read more... 12/11/2018
Daily (09.11.2018): Carbon prices gained 25% week-on-week to settle around the €20-level on Thursday in a tight session
Oil futures continued the bearish run on Thursday, on worries about global oversupply due to trade war between US and China, the world’s biggest economies. OPEC members stated that a reduction in outputs might be required. Brent crude significantly dropped by 2% to $70.65 a barrel. WTI crude also lost 1.6% to settle at $60.67 a barrel.
read more... 09/11/2018
Daily (08.11.18): Carbon prices surged by 6% around the 19-euro levels on Wednesday in a strong auction
Record U.S. crude production and increased concerns of a global oversupply put pressure on oil prices on Wednesday. US sanctions against Iran failed to support the market, as waivers have been offered to 8 eight countries, including three of the world's major importers, allowing them to continue acquiring Iranian crude for six months.
read more... 08/11/2018