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Daily (08.02.2019): WTI crude tumbled by 2.5% on Thursday, due to rising U.S. crude production and inventories

Oil prices retreated on Thursday, amidst rising U.S. crude inventories and upbeat production levels. However, Washington sanctions against Venezuela and OPEC supply cuts supported the markets. As a result, Brent crude dipped by 1.7% to 61.63 USD/bbl, while WTI crude plunged by 2.5% to 52.64 USD/bbl.

read more... 08/02/2019

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Daily (05.02.2019): EU carbon prices soared by almost 5% on Monday, ahead of an industry conference this week.

Oil prices saw a small drop on Monday influenced by the recent positive sentiment that China-U.S. relations will reach a comprehensive trade deal. However, losses were limited by OPEC supply cuts and U.S Sanctions on Venezuelan oil exports. As a result, Brent crude fell by 0.4% to 62.51 USD/bbl, while WTI crude dropped by 1.3% to settle at 54.56 USD/bbl.

read more... 05/02/2019

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Daily (25.01.2019): Energy markets seen in a bearish trend on Thursday

Thursday saw a mixed evolution in oil prices. Continuous concerns over global economic slowdown and the unexpected rise in U.S. crude inventories weighed slightly on Brent spot, which ended down at $61.09 a barrel. However, WTI futures rose by 1% to $53.13 a barrel, supported by OPEC-led output cuts and U.S. threats to impose sanctions on OPEC member Venezuela.

read more... 25/01/2019

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Daily (24.01.2019): British spot gas price rose by 2% on Wednesday due to an undersupplied system

Oil prices pared earlier gains on Wednesday as worries over slowing world economic growth weighed on the markets. U.S. Energy Information Administration voiced expectations for increasing shale output, which put additional pressure on prices. On the other side, China and Japan indications to use stimulus measures to boost growth, alongside with OPEC-led output cuts, limited losses. Consequently, Brent crude edged 0.6% down at $61.14 a barrel, while WTI futures lost 0.7% to close at $52.62 a barrel.

read more... 24/01/2019

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Daily (22.01.2019): French spot power prices surged by 13.2% on Monday on reduced nuclear availability due to strike

Oil prices inched up on Monday amid investors’ optimism driven up by surging stock markets and signs of weaker crude production due to OPEC-led output cuts. A record crude oil refinery throughput in 2018 reported by China’s National Bureau of Statistics supported the prices. However, a slowing economy and tensions between US and China limited gains. Brent crude edged 0.1% higher at $62.74 a barrel, while WTI futures rose by 0.7% to $54.17 a barrel.

read more... 22/01/2019

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