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Daily (23.03.2020): Carbon prices dropped by over 26% on a weekly basis on Friday, due to increased coronavirus concerns

Crude oil futures extended losses on Friday, being on track for their biggest weekly decline in 12 years, on worries about the coronavirus pandemics that slowed down global economies and curbed oil demand. The failure of coordinated output cuts by producers from the OPEC and others including Russia, also put pressure on prices. Hence, Brent crude plunged by 5.2%, to settle at $26.98 a barrel. At the same time, WTI futures tumbled by 10.3% to $22.63 a barrel.

read more... 23/03/2020

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Developing nations may lose up to 85% of oil and gas income this year - IEA, OPEC

Developing nations’ oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the International Energy Agency and OPEC said in a rare joint statement on Monday, citing recent IEA analysis.

read more... 17/03/2020

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Daily (11.03.2020): Oil, stuck between coronavirus and price war, sharply recovered on Tuesday as Russia is open to renew cooperation with OPEC

Crude oil futures rebounded on Tuesday after having hit the worst session since 1991the previous day as ongoing talks between OPEC and Moscow remain possible.

read more... 11/03/2020

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Daily (09.03.2020): Brent crude records the biggest daily loss since 2008 after OPEC deal collapses

Crude oil futures plunged on Friday after the disintegration of the OPEC+ alliance led to an all-out price war between Saudi Arabia and Russia that is likely to have political and economic consequences.

read more... 09/03/2020

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Daily (06.03.2020): Brent crude below $50 a barrel on Thursday as non-OPEC producers not yet ready to further cut output

Crude oil futures continued to decline on Thursday as worries about global oil demand and slower economic growth caused by the coronavirus outbreak were heightened by concerns that non-OPEC crude producers haven’t yet agreed to further reduce output in order to support prices.

read more... 06/03/2020

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