Latest news
Russia Set to Overshoot Oil Quota Yet Again Ahead of OPEC Talks
Russia, OPEC’s largest ally in a deal to cut oil production, is once again failing to keep its side of the bargain.
read more... 28/11/2019
Daily (25.11.2019): German spot power price down about 30% on Friday on lower consumption expectations
Crude oil prices retreated from two-month highs on Friday, dragged down by uncertainty over U.S.-China trade talks, shading expectations for an extension to production reductions by OPEC and its allies. Brent crude for January delivery lost 58 cents or 0.9% to settle at $63.39 per barrel, posting a slight gain for the week. The WTI crude fell by 1.4% to close at $57.77 per barrel.
read more... 25/11/2019
Daily (22.11.2019): WTI crude hit a 2-month high on Thursday, on potential extension of OPEC+ crude cuts and optimism around China-U.S trade talks
Crude oil prices traded higher on Thursday reaching their highest level in two months, as OPEC and its allies will most probably extend oil supply cuts until June. The news about China’s intention to invite U.S. to a second round of trade negotiations also supported the bullish trend. Hence, Brent crude rose by 2.5% to $63.97 a barrel. WTI futures climbed 2.8% to $58.58 a barrel.
read more... 22/11/2019
Daily (21.11.2019): The 3.3% hike in WTI crude due to a lower-than-predicted growth in U.S crude inventories lent support to the entire energy complex
Oil prices increased on Wednesday following a report indicating that U.S crude inventories rose lower than expected. Moreover, Russia promised to continue its cooperation with OPEC to maintain a balanced oil market. Brent crude jumped by 2.5% to $62.40 a barrel. WTI crude climbed by 3.3% to $57.01 a barrel.
read more... 21/11/2019
Daily (18.11.2019): French spot power price fell by more than 19% due to higher nuclear availability
Oil prices rose on Friday following the declaration made by OPEC’s Secretary General Mohammad Barkindo, stating that U.S. crude output is expected to fall in 2020. Brent crude surged by 1.6% to $63.30 a barrel.
read more... 18/11/2019