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Daily (02.08.2018): Brent crude plummeted by 2.5% on Wednesday, as OPEC stocks reached maximum capacity

Oil prices diminished severely on Wednesday, following a report that OPEC’s stockpiles reached full capacity due to ample supplies during the month. WTI crude slipped by 1.6% to close at $67.66 a barrel.

read more... 02/08/2018

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Daily (01.08.2018): WTI crude fell by 2% on Tuesday, as OPEC’s output hit a peak in July

Oil prices fell on Tuesday, as a recent report indicated that OPEC’s production reached a 2018 peak in July. Brent crude dipped by 1% to $74.25 a barrel. WTI Crude lost 2% to end at $68.76 barrel.

read more... 01/08/2018

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Daily (20.07.2018): Carbon prices jumped by 2.7% on Thursday due to strong auction

Brent crude decreased by 0.4% to end at $72.58 a barrel on Thursday, due to a strong dollar, higher U.S. crude output and an unpredicted rise in the production of the Organization of the Petroleum Exporting Countries and Russia. On the other side, WTI crude hiked by 1% to $69.46 a barrel, after Saudi Arabia's OPEC governor declared the kingdom's crude exports will decline by around 100,000 barrels per day in August.

read more... 20/07/2018

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Saudi Arabia to boost oil production to record high

OPEC leader Saudi Arabia is set to increase oil production to a record 10.8 million barrels per day (bpd) in July, Bloomberg reports.

read more... 27/06/2018

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Daily (26.06.2018): German spot power price rose by more than 100% on Monday, due to high demand and low wind generation

After OPEC’s resolution to raise output by one million barrels per day, oil prices dropped on Monday. Brent crude edged 1.1% lower at $74.73 a barrel. Simultaneously, WTI crude was less bearish, settling 0.7% down at $68.08 a barrel, due to a temporary decline in U.S. drilling activity and a Canadian supply outage.

read more... 26/06/2018

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