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Daily (13.03.2024): Oil prices experienced a modest decline on Tuesday due to inflation and OPEC worries
On Tuesday, oil prices saw a slight decrease due to a higher than anticipated US inflation index, coupled with rising concerns over the compliance with OPEC production cap. Brent crude fell by 0.3% at $81.92 a barrel, while WTI crude slipped by 0.4% to $77.56 a barrel.
read more... 13/03/2024
Daily (08.03.2024): Forward gas prices tumbled by over 2% on Thursday amid ample supply and high inventory levels
Oil prices exhibited a stable-to-bearish trend on Thursday due to consistent demand from Asia, despite possible supply disruptions caused by OPEC+ decision and the ongoing political turmoil in the Middle East. As a result, Brent crude remained steady at $82.96, while WTI Crude experienced a slight decrease of approximately 0.3% to settle slightly below $79.
read more... 08/03/2024
Daily (05.03.2024): Gas and carbon prices extended their gains on Monday amid cold weather forecasts and reduced LNG flows
Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
Daily (18.01.2024): European carbon prices hit their lowest point in over two years on Wednesday amid intense selling pressure
Oil prices ended mixed for the second session in row on Wednesday as optimistic OPEC predictions tempered worries about worldwide demand for oil. As a result, Brent crude retreated by about 1% to settle at $77.69, while WTI crude edged 0.2% higher to end at $72.56 per barrel.
read more... 18/01/2024
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OPEC’s Influence on Oil Prices To Remain Significant In 2024
At their latest meeting in early December, the Organization of Petroleum Exporting Countries and its partners, led by Russia, agreed to reduce their combined production of crude oil to some 2.2 million barrels daily.
read more... 02/01/2024