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Daily (20.07.2017): EU carbon prices decreased by 1.5% on Wednesday

Oil soared on Wednesday, supported by strong demand for gasoline in the US and a major decline in the stocks, according to the API. Brent crude jumped by 1.76% to close at $49.70 a barrel, while WTI price rose by 1.55% to end at $47.12 a barrel.

read more... 20/07/2017

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Daily (19.07.2017): Oil prices jumped by 0.8% on Tuesday supported by strong demand from China

Oil prices jumped on Tuesday, supported by strong demand from China. Nevertheless, many markets are well supplied and oil for prompt delivery is trading at heavy discounts to forward futures, consequently crude oil prices remain under pressure and trading volumes are quite low. Brent crude edged up by almost 0.9% to close at $48.84 a barrel, while WTI price rose by 0.83% to end at $46.40 a barrel.

read more... 19/07/2017

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Daily (18.07.2017): UK gas price jumped by almost 7% on Monday on high exports to the continent

Oil prices fell on Monday for the first time in the last six sessions. In a monthly report released on Monday, the U.S. EIA estimated a rise in August oil production from seven major US shale players, compared with July, with the Permian Basin expected to see the largest output climb. Brent crude decreased by 1% to close at $48.42 a barrel, while WTI price dropped by 1.12% to end at $46.02 a barrel.

read more... 18/07/2017

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Centrica merges oil and gas businesses with Baverngas Norge

The new company will be the result of the joining of British company Centrica’s exploration and production business with Norwegian Baverngas Norge.

read more... 17/07/2017

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Daily (17.07.2017): EU carbon prices increased by 1.1% on Friday

Oil prices edged higher in rough trading on Friday, boosted by a report from the IEA that demand growth is accelerating and that oil stocks had fallen. The IEA raised its demand estimate for the Q2, while it reduced its figure for non-OPEC supply. Consequently, the oil market showed a vast deficit last quarter. Both, Brent crude and WTI prices rose by 1% to close at $48.91 a barrel and $46.54 a barrel respectively.

read more... 17/07/2017

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