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Daily (17.09.2018): German spot electricity contract lost 20.1% on Friday, due to increased solar and coal power supply
Oil crude prices were almost steady on Friday after the previous session's sharp decline caused by worries about lower demand. However, prices recouped losses to end the week higher, stimulated by earlier gains on supply constraints from Iran following U.S. sanctions. WTI crude closed 0.6% up at $68.99 a barrel, while Brent price edged slightly down at $78.09 a barrel.
read more... 17/09/2018
Norway’s Offshore Oil Boom Is Back On
The rise in oil prices brought about the recovery of Norway’s oil industry, with companies lining up plans to invest in boosting oil production on the Norwegian Continental Shelf (NCS)—surely most welcome news for Western Europe’s biggest oil and gas producer, which faces a decline from the mid-2020s onwards if new large discoveries are not made soon.
read more... 17/09/2018
Daily (14.09.2018): Power and gas markets turned bearish on Thursday, after a 18% decline in carbon prices
Oil crude prices lost momentum on Thursday, mainly due to investors’ focus on mounting trade tensions between the world’s major economies, the U.S. and China, that could threaten demand. Brent crude ended 2% down at $78.18 a barrel. Meanwhile, WTI crude price tumbled by 2.5% to $68.59 a barrel, despite a larger-than-expected draw in U.S. inventories.
read more... 14/09/2018
Daily (13.09.2018): German spot power prices gained 12% on Wednesday, on predictions of lower wind generation
Oil crude prices continued to gain ground on Wednesday, because of dwindling U.S. stocks. Another reason is that concerns about global oil supply have increased amid looming sanctions on Iranian exports. Brent crude closed 0.9% up at $79.74 a barrel, while WTI crude price soared by 1.6% to $70.37 a barrel.
read more... 13/09/2018
Daily (12.09.2018): Brent crude soared by 2.2% on Tuesday, due to stronger demand ahead of November sanctions
Strong demand pushed crude prices higher on Tuesday, because President Donald Trump announced that starting from November 4th Iranian crude buyers will stop their purchases. Accordingly, Brent crude traded 2.2% higher at $79.06 a barrel. Meanwhile, WTI crude price increased by 2.5% to $69.25 a barrel.
read more... 12/09/2018