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BP: Electric vehicles will reduce oil consumption
The development of self-driving electric cars and travel sharing might reduce oil usage by 2040, as declared by oil and gas giant BP, which also predicted a peak in demand for the first time.
read more... 22/02/2018
Daily (22.02.2018): UK spot gas price surged by 4.4% on Wednesday due to colder weather and higher demand
Oil price slightly changed on Wednesday ahead of data expected to show increasing crude inventories in the United States and due to a stronger U.S dollar. Brent futures edged 0.3 percent higher to end at $65.42 a barrel. WTI crude fell by 0.2% to close at $61.68 a barrel.
read more... 22/02/2018
Daily (14.02.2018): EU carbon prices soared by around 5% on Tuesday to reach fresh six-year peaks
Oil prices rose insignificantly on Tuesday after weaker dollar rebounded from an early fall as the International Energy Agency predicted that supply might surpass demand. Brent futures increased 13 cents, or 0.2 percent, to end at $62.72 a barrel. WTI crude slipped following U.S. crude inventories data, closing 0.2% down at $59.19 per barrel.
read more... 14/02/2018
Daily (09.02.2018): German spot power price tumbled by 18.2% on forecasts of higher wind generation and lower demand
Oil prices fell to their lowest level in seven weeks on Thursday due to worries regarding increasing global supplies after Iran declared about its plans to boost production and U.S. crude output hit record peaks. Brent crude slumped by 1.1 percent, to settle at $64.81 per barrel. WTI crude edged 1% lower at $61.15 per barrel.
read more... 09/02/2018
Daily (07.02.2018): UK spot gas price rose by 2.7% on colder weather and higher demand
Oil declined for a third day in a row due to a selling wave that hit equities, bonds, cryptocurrencies and commodities, and amidst pressure from a rising dollar. Brent crude slumped by 1.1% to $66.86 per barrel. WTI ended 1.2% lower at 63.39$ per barrel.
read more... 07/02/2018