Latest news
Daily (31.10.2017): Higher gas consumption in the UK boosted prompt prices on Monday
Brent oil price rose on predictions that OPEC-led output reductions would be prolonged beyond March even though higher Iraqi exports put a cap on prices. Brent crude futures increased by 46 cents, or 0.8 percent, to settle at $60.90 per barrel, its highest level since July 2015. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures surged 0.5% to $54.15 a barrel.
read more... 31/10/2017
Daily (27.10.2017): Brent crude price hit a 27-month peak on Thursday
Brent crude settled at a 27-month peak on Thursday as the market concentrated more on comments from Saudi Arabia about stopping a global supply glut instead of an unpredicted rise in U.S. crude inventories, increased U.S. output and exports.
read more... 27/10/2017
Daily (26.10.2017): German spot power prices boosted by lower wind generation and colder weather
Oil stabilized on Wednesday close to a four-week peak after major exporter Saudi Arabia stated that it was determined to stop a supply glut that has influenced the market for three years. Brent crude futures rose 11 cents, or 0.20%, to end at $58.44 a barrel. Meanwhile, U.S. West Texas Intermediate crude traded 0.6% down at $52.27.
read more... 26/10/2017
Daily (24.10.2017): French year-ahead power contract rose 2.3% on news of delayed nuclear reactor restarts
Oil prices changed slightly on Monday amid signs of a drop in U.S. drilling rates and as supply disruptions in Iraq dented exports out of OPEC's second-biggest producer.
read more... 24/10/2017
Daily (23.10.2017): Oil prices rose on Friday due to a sharp drop in Iraqi crude exports
Oil prices increased slightly on Friday in see-saw trade, under pressure from lower U.S. demand but drawing support from a huge drop in Iraqi crude exports due to tensions in the Kurdistan area.
read more... 23/10/2017