Latest news
Daily (08.05.2017): Oil prices increased 1.5% after strong downward weekly trend
Oil prices increased on Friday after strong downward trend, supported by the market news that Russia is going to join the OPEC for production cuts to reduce the world's persistent glut of crude.
read more... 08/05/2017
Russia: Oil production was cut more than required in OPEC agreement
Russia’s Energy Ministry announced on Wednesday that the country’s oil production was 300,790 barrels per day (bpd) on the 1st of May, which is below the level registered in October and far less than requested under the OPEC agreement.
read more... 05/05/2017
Daily (05.05.2017): Oil prices slumped to five-month lows on Thursday
Oil prices dropped for the fourth consecutive day on Thursday, hitting their lowest level since November 2016, after data showed a less than expected decline in U.S. inventories and as OPEC and other producers would probably disapprove more supply cuts to reduce the world's persistent glut of crude.
read more... 05/05/2017
Daily (03.05.2017): Oil and EU carbon prices at the lowest 2017 levels
Oil prices slightly fell on Tuesday on reports of rising oil production in the US, Canada, and Libya as well as weaker compliance of OPEC members with the deal to cut production during the first half of this year.
read more... 03/05/2017
Daily (27.04.2017): The German electricity spot price 8% down
Oil prices continued their sliding trend on Wednesday as data showed a growth in U.S. crude inventories, while record oil supplies in the rest of the world put doubt on OPEC's ability to reduce supplies and tighten the market.
read more... 27/04/2017