Latest news

Daily (06.06.2019): Crude oil prices fell by around 3% on Wednesday, due to higher inventories and low demand outlook

A surprise surge in the U.S. crude inventories put pressure on oil futures on Wednesday. Moreover, the outlook of a slowing global oil demand maintained by the ongoing U.S. trade differences with China and Mexico also weighed on prices. As a result, WTI futures dropped by 3.4% to $51.68 a barrel, while Brent crude lost 2.2% to close at $60.63 a barrel.

read more... 06/06/2019

news

Daily (05.06.2019): NBP spot surged by 12.5% on Tuesday, buoyed by higher gas-for-power demand

Crude oil prices rebounded from the earlier four-month low on Tuesday, on the back of stronger U.S. stock markets after China’s call for dialogue with the U.S. to solve the trade dispute. Firmer expectations for an interest rate cut following the comments from U.S. Federal Reserve Chairman also boosted market sentiment. Brent crude rose by 1.1% to $61.97 a barrel, while WTI futures edged up by 0.4% to $53.48 a barrel.

read more... 05/06/2019

news

Daily (04.06.2019): The EUAs dipped by nearly 3% to a two-month low on Monday, amid weak demand and an expected surge in supply

Crude oil prices continued to fall on Monday, under the heavy influence from the ongoing demand-side concerns stoked by U.S.-China trade tensions and threats of U.S. tariffs on Mexico. Brent crude slumped by 5% to $61.28 a barrel, while WTI futures traded 0.5% lower at $53.25 a barrel.

read more... 04/06/2019

news

Daily (30.05.2019): German spot power price plummeted by over 61% ahead of holidays due to lower demand in the region

Crude oil prices declined on Wednesday, as China claims to put further pressure on the trade war with the United States, by using its dominant position in rare earths – a group of 17 chemical elements used to produce various electronics, industrial and military equipment. However, recent supply disruptions in U.S. limited gains. Brent crude decreased by 0.9% to $69.45 a barrel, while WTI futures closed 0.6% down at $58.81 a barrel.

read more... 30/05/2019

news

Daily (29.05.2019): NBP spot soared by 4.3% on Tuesday, on expectations for colder weather

Oil prices were flat on Tuesday, as bullish signals from flooding at several distribution hubs around the United States offset the ongoing bearish sentiment that the trade war could hurt economic growth and reduce oil demand. As a result, Brent crude remained untraded at $70.11 a barrel, while WTI futures settled at $59.14 a barrel.

read more... 29/05/2019

news