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Daily (06.07.2023): Oil prices continued to rise on Wednesday as Saudi Arabia and Russia mull extending voluntary supply cuts
Crude oil prices notched a small increase on Wednesday amid the news of further cuts from Saudi Arabia and Russia. However, worries over a slowdown in the global economy and further hikes of interest rates have limited the rise. Hence, Brent crude edged 0.5% higher at $76.65 a barrel. Meanwhile, WTI crude rose by 0.7% to end at $71.79 a barrel.
read more... 06/07/2023
Daily (05.07.2023): Oil prices rose by 2% on Tuesday amid output cuts by Russia and Saudi Arabia
Crude oil prices rose on Tuesday following the announcement made by Russia and Saudi Arabia regarding further oil production cuts. Hence, Brent crude added 2.1% to settle at $76.25 a barrel. Meanwhile, WTI crude surged by 2.2% to end at $71.32 a barrel.
read more... 05/07/2023
Daily (27.06.2023): European carbon prices extended their loses amid renewed short-selling positions
On Monday, crude oil prices rose due to concerns over global demand following the turmoil in Russia. Hence, Brent and WTI crude decreased by about 0.4% to settle at $74.18 a barrel and $69.37 a barrel, respectively.
read more... 27/06/2023
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Britain's National Grid expects to meet electricity demand this winter
Britain's National Grid expects to have enough capacity to meet demand for electricity this winter and will keep exploring additional options amid continued supply risks following Russia's invasion of Ukraine, it said on Thursday.
read more... 19/06/2023
Daily (15.06.2023): Oil prices fell on Wednesday amid FED decision, weak macroeconomic data from China
On Wednesday, crude oil prices inched lower as a result of Fed’s decision to leave unchanged interest rate. Furthermore, higher supply from Russia and weak macroeconomic data from China has contributed to the overall downward trend in oil prices. Hence, Brent crude dropped by 1.5% to settle at $73.20 a barrel. Meanwhile, WTI crude traded at $68.27 a barrel, declining by about 1.7% day-on-day.
read more... 15/06/2023