Latest news
Daily (06.03.2017): WTI crude up 1.4%, buoyed by weaker dollar
Crude oil prices rallied on Friday, spurred by a lower dollar, but investors remained cautious after Russian output data showed weak compliance with a global deal to slash production.
read more... 06/03/2017
Daily (3.03.2017): Oil down 2%, clouded by supply worries, stronger dollar
Crude oil prices fell over 2% on Thursday after Russian crude output remained unchanged in February at 11.11 million barrels per day (bpd).
read more... 03/03/2017
Daily (02.03.2017): Power curve prices in a positive territory tracking firmer fuels
Crude oil prices fell on Wednesday as record-high U.S. crude stocks lessened expectations that the market will re-equilibrate as evidence emerges that OPEC producers are complying with an agreement to slash production.
read more... 02/03/2017
Daily (1.03.2017): German spot power contract soars 20% on changeable wind patterns
Crude oil prices lost ground on Tuesday, but continued to trade in a tight range, as concerns about swelling U.S. crude stockpiles eclipsed OPEC production reductions. U.S. crude stockpiles have boosted for seven straight weeks. Forecasts for another weekly build of 3.1 million barrels fueled worries that demand growth may not be enough to absorb the oversupply.
read more... 01/03/2017
Lukoil hopes to reach a deal on two Iranian oilfields in April
Russia’s second-largest oil producer Lukoil hopes to secure a deal to develop two oilfields in Iran in April.
read more... 28/02/2017