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Daily (25.06.2018): OPEC’s decision to moderately increase oil production led to a hike in crude prices on Friday

Oil prices jumped on Friday after OPEC settled on a moderate increase in production, below figures discussed ahead of the reunion held in Vienna. Brent crude soared by 3.4% to $75.55 a barrel. Moreover, lower output in Venezuela and Trump’s sanctions on Iran also boosted prices, with WTI crude closing 4.6$ higher at $68.58 a barrel.

read more... 25/06/2018

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Daily (22.06.2018): Brent crude slumped by 2.3% on Thursday on expectations for higher supply

Brent crude dropped by 2.3% to $73.05 a barrel on Thursday, right before the OPEC meeting which is aimed at raising oil output. The news about a higher-than-expected stockpile draw in the U.S. put pressure on WTI crude price, which settled 0.3% lower at $65.54 a barrel.

read more... 22/06/2018

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Daily (20.06.2018): NBP day-ahead gas price plummeted by 3.3% on Tuesday due to an oversupplied system

OPEC and Russia are likely to decide this week whether to increase their oil output, having a bearish effect on crude prices on Tuesday. Brent crude slipped by 0.4% to $75.08 a barrel, while WTI crude plummeted by around 1.2% to settle at $65.07 a barrel.

read more... 20/06/2018

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Daily (19.06.2018): French spot power contract gained 26% on Monday, due to higher air conditioner demand

A looming trade dispute between U.S. and China buoyed oil prices on Monday. Furthermore, Brent crude jumped by 2.6% to $75.34 a barrel, ahead of the OPEC meeting this week aimed at raising global crude supply. WTI crude hiked by 1.2% to $65.85 a barrel.

read more... 19/06/2018

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Daily(15.06.2018): Carbon prices slumped by 2.6% on Thursday due to late selling

A stronger dollar and a potential decision of the OPEC and its allies to increase production weighed on Brent crude on Thursday, which settled 80 cents, or about 1% lower at $75.94 a barrel. Meanwhile, WTI crude soared by 0.4% to end at $66.89 a barrel, in a catchup process to the higher priced products and Brent values. 

read more... 15/06/2018

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