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Daily (18.01.2017): Crude oil flat on weaker dollar, Saudi commitments to cut output
Crude oil prices posted minor changes on Tuesday as the U.S. dollar fell to a near six-week low and comments by Saudi Arabia stating it would join the OPEC’s commitment to slash output.
read more... 18/01/2017
Daily (17.02.2017): European spot power contracts surge to their highest levels since November 2008
Crude oil prices ended the Monday’s trade higher as Saudi Arabia's commitments to cutting production offset a report forecasting U.S. output would again increase this year. Benchmark Brent crude oil for March delivery rose by 41 cents a barrel, or 0.7 percent, to end at $55.86 and U.S. West Texas Intermediate crude added 27 cents, or 0.5 percent, to settle at $52.64 a barrel.
read more... 17/01/2017
Daily (16.01.2017): Crude oil prices close the week 3% lower on OPEC persisting doubts
Crude oil prices tumbled on Friday and closed the week 3 percent lower on prolonging doubts over the extent of OPEC reductions and after China, the world’s second largest oil consumer, reported the sharpest falls in overall exports since 2009.
read more... 16/01/2017
Daily (13.01.2017): Crude oil gains ground on supply reductions, record demand expectations from China
Crude oil prices boosted over 1 percent on Thursday on news that top crude producers, including Saudi Arabia and Russia, were reducing production to tackle a global crude oversupply and expectations for a record demand in China.
read more... 13/01/2017
Norway: The oil fund of $880 billion could exclude major polluters
The ethics regulator for Norway's $880-billion wealth fund will concentrate this year on finding companies with huge emissions of greenhouse gases and will suggest excluding them from the fund's investments, as it stated.
read more... 12/01/2017