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Daily (15.11.2018): European year-ahead power prices fell by over 1% on Wednesday, tracking weaker CO2 and coal markets

Oil prices surged on Wednesday, recovering from recent lows as OPEC partners are focusing on output cuts in order to support the market. Nevertheless, gains were still limited by the escalating trade war between the worlds’ biggest economies — U.S. and China. Both Brent crude and WTI rose 1% to settle at $66.12 and at $56.25 a barrel respectively.

read more... 15/11/2018

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Daily (14.11.2018): Oil prices dropped by around 7% on Tuesday, due to oversupply

Oil prices plummeted on Tuesday, due to a rise in production and concerns over a slower consumption growth in 2019. OPEC and non-OPEC members are discussing the need for output reductions to avoid a significant rise in stocks. Brent crude declined by 6.6% to settle at $65.47 a barrel, while WTI crude tumbled by 7.1% to end at $55.69 a barrel.

read more... 14/11/2018

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Daily (13.11.2018): NBP spot gas price added almost 8% on Monday, due to stronger demand

Oil prices edged lower on Monday, following OPEC’s reaction to add more supply in order to cover potential losses of Iranian barrels, after sanctions against crude exports from the Islamic Republic were re-imposed on November 4. Brent crude was almost flat at $70.12 a barrel, while WTI crude lost 0.4% to $59.93 a barrel.

read more... 13/11/2018

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Daily (09.11.2018): Carbon prices gained 25% week-on-week to settle around the €20-level on Thursday in a tight session

Oil futures continued the bearish run on Thursday, on worries about global oversupply due to trade war between US and China, the world’s biggest economies. OPEC members stated that a reduction in outputs might be required. Brent crude significantly dropped by 2% to $70.65 a barrel. WTI crude also lost 1.6% to settle at $60.67 a barrel.

read more... 09/11/2018

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Daily (24.10.2018): Oil crude prices fell by over 4% on Tuesday, as OPEC’s main producer pledged to meet demand

Oil prices slumped on Tuesday, following Saudi Arabia promises to supply the market, as the U.S. sanctions over the Iranian exports will be implemented in less than 2 weeks. Brent crude price tumbled by 4.3% to $76.44 a barrel. Meanwhile, price for WTI crude decreased by 4.2% to $66.43 a barrel.

read more... 24/10/2018

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