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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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Daily (21.01.2019): European carbon prices up by 5% on Brexit hopes and cold weather

Oil prices rose on Friday as China presented a plan aimed at increasing purchases of U.S. goods in order to reduce the trade surplus with the U.S. to zero by 2024. The recent OPEC’s report showing weaker oil output also lent support to prices. However, the continuous trade disputes between the two major economies boosted fears over slower global economic growth and lower demand for fuel. Brent crude traded 2.5% higher at $62.70 a barrel, while WTI futures surged by 3.3% to $53.80 a barrel.

read more... 21/01/2019

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Russia plans to accelerate pace of oil cuts: Novak

Russian energy minister Alexander Novak said Moscow is seeking to accelerate the pace of its oil production cuts under the Opec+ agreement, but reiterated it faces operational challenges, Kallanish Energy reports.

read more... 21/01/2019

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Daily (18.01.2019): European year-ahead power prices climb by over 4% on Thursday, due to colder weather

Oil prices retreated on Thursday, due to stronger U.S crude oil production and persisting concerns over trade between China and US. However, losses were limited by OPEC output cuts. Brent crude edged 0.2% lower at 61.18 USD/bbl, while WTI crude was down by 0.5% at 52.07 USD/bbl.

read more... 18/01/2019

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Daily (17.01.2019): Carbon prices jumped by over 3% on Wednesday following an oversized Polish auction

Oil prices edged higher on Wednesday, due to OPEC supply cuts and China’s fiscal stimulus signals. However, gains were capped by increasing U.S. fuel inventories and higher crude oil production. As a result, Brent crude inched up by 1.1% to 61.32 USD/bbl, while WTI futures edged 0.4% higher closing at 52.31 USD/bbl.

read more... 17/01/2019

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