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Daily (12.04.2019): Carbon prices hit a fresh 11-year peak on Thursday, after the second Brexit extension
Crude oil prices declined on Thursday, due to concerns that OPEC might increase its oil production as of July if oil supplies from Venezuela and Iran continue to tighten and consequently support prices. The surging U.S. crude inventories also weighed on prices. WTI futures lost 1.6% to settle at $63.58 a barrel, while Brent crude price dropped by 1.3% to $70.83 a barrel.
read more... 12/04/2019
Daily (11.04.2019): The EU carbon prices hit a new 11-year high on Wednesday on Brexit delay optimism
Crude oil prices increased on Wednesday, after EIA report showed that U.S. gasoline stocks plunged more than expected last week, offsetting the surging crude inventories. OPEC’s oil production at four-year low in March coupled with U.S. sanctions on Iran and Venezuela lent more support to prices. Brent crude price rose by 1.6% to $71.73 a barrel, while WTI futures traded 1% up at $64.61 a barrel.
read more... 11/04/2019
Daily (05.04.2019): European power prices on the curve climbed by over 3% on Thursday following bullish carbon market
Oil prices varied on Thursday. Brent crude edged 0.1% higher at $69.40 a barrel on tightening global supply due to U.S sanctions on Iran and Venezuela, as well as OPEC-led output cuts. Meanwhile, WTI futures declined by 0.6% to $62.10 a barrel on rising production and higher crude inventories.
read more... 05/04/2019
Daily (04.04.2019): EU carbon prices soared by over 5% on Wednesday on positive Brexit progress
Oil prices slipped on Wednesday, on data showing an unexpected rise in U.S. inventories. Meanwhile, US sanctions against Iran and Venezuela and OPEC-led supply cuts limited losses. Brent crude edged 0.1% lower at $69.31 a barrel, while WTI futures traded 0.2% down at $62.46 a barrel.
read more... 04/04/2019
Lukoil has concluded Zhenis block's exploration and development in Kazakhstan
PJSC Lukoil, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (50/50 joint venture between Lukoil and KazMunayGas) will be operator of the project.
read more... 04/04/2019