Latest news

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

news

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

news

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

news

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

news

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

news