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Daily (19.07.2021): Gas prices increased on Friday, due to lower storage levels and concerns over Nord Stream 2
Oil prices traded range-bound on Friday amid persisting uncertainty over next month’s crude production from OPEC+ members. Brent oil and WTI crude both edged 0.2% higher at $73.59 and $71.81 a barrel respectively.
read more... 19/07/2021
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OPEC, allies reach ''full agreement'' after production spat
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a "full agreement" after an earlier dispute that roiled oil prices.
read more... 19/07/2021
Daily (15.07.2021): EUAs gained 1% on Wednesday after the publication of the ETS reform proposals
Crude oil prices ended lower on Wednesday, following reports of weaker demand and prospects of increased black gold supply from OPEC+ members. Losses, however, were limited by a further drop in US crude reserves. Brent oil fell by 2.3% to $74.76 a barrel and WTI oil declined by 2.8% to $73.13 a barrel.
read more... 15/07/2021
Daily (14.07.2021): Brent crude gained ground on Tuesday as OPEC impasse means tight supply
International Energy Agency report showed that the market should expect tighter supply for now due to disagreements among major producers. According to the same report, a strong recovery in demand was noticed during last month. Thus, Brent crude gained around 1.8% to end at $76.49 a barrel. The American crude rose by 1.6% to settle at $75.25 a barrel.
read more... 14/07/2021
Daily (13.07.2021): Electricity prices fell on Monday, tracking bearish gas and carbon markets
Oil prices dropped on Monday, on doubts over OPEC's ability to maintain production discipline and signs of reduced demand for black gold. Consequently, Brent crude slipped by 0.5% to $75.16 a barrel and WTI oil edged 0.6% lower at $74.10 a barrel.
read more... 13/07/2021