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Daily (19.10.2017): Brent crude price hit $58.15 a barrel on Wednesday, or a 3-week high
Oil prices surged on Wednesday with Brent reaching 3-weeks high and then retreated after a surprising drop in U.S. refining rates and an unexpected build in U.S. fuel stocks. Nevertheless, overall trend was bullish, as Iraq Kurdistan's oil exports more than halved after Iraq military operation. Another threat to oil supply is the ongoing dispute between the U.S. and Iran. President Donald Trump last week refused to certify Iran's compliance with a nuclear deal, leaving Congress 60 days to decide further action. Brent crude edged $0.27, or 0.5%, up at $58.15, meanwhile the WTI price grew by 0.3% to $52.04 a barrel.
read more... 19/10/2017
Daily (18.10.2017): British spot gas price surged 1.6% on colder weather and lower flows from Norway
Oil prices edged slightly higher on Tuesday, stabilising after prior gains and losses, as estimates of high U.S. output and exports offset concerns that fighting between Iraqi and Kurdish forces might menace the country's crude production.
read more... 18/10/2017
Daily (11.10.2017): EU carbon contracts hit the highest level in a month on Tuesday
Oil prices increased on Tuesday after Saudi Arabia declared it would reduce oil exports in November, while a huge amount of U.S. offshore output remained offline.
read more... 11/10/2017
Rosneft is likely to increase crude oil exports to China
Russia’s major oil producer Rosneft considers strengthening its oil ties with China by significantly increasing oil deliveries through Kazakhstan.
read more... 09/10/2017
Australia is most likely to beat Qatar in LNG exports
The world’s top supplier Qatar risks being dethroned as Australia expects to boost exports of liquefied natural gas (LNG) by 16 percent from 2018.
read more... 06/10/2017