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Daily (27.10.2021): Oil prices hit their highest levels since 2014 amid ongoing concerns about supply
Oil prices continued their steady uptrend on Tuesday, with the benchmarks hitting their highest levels in almost seven years amid limited supply from particularly OPEC and on growing global demand. Hence, Brent crude rose slightly by 0.5% to settle at $86.40 a barrel. U.S WTI crude increased by 1% to close at $84.65 a barrel.
read more... 27/10/2021
Daily (25.10.2021): Oil prices rose by over 1% on Friday, on bullish demand and low supply
Crude oil prices rose on Friday, supported by continued strong demand and limited supply. Thus, Brent oil increased by 1.1% to $85.53 a barrel and WTI crude gained 1.5% at $83.76 a barrel.
read more... 25/10/2021
Electric vehicles' global market share projected to reach 29% by 2025
The global market share of electric vehicles (EVs) is expected to reach as much as 29% by 2025, driven by demand from China and Europe, according to Marius Kluge Foss, senior vice president at Rystad Energy on Thursday.
read more... 22/10/2021
Daily (18.10.2021): European carbon prices lost over 3% on Friday, following reports of new measures to curb speculative trading
Crude oil prices strengthened on Friday, supported by growing demand, as a result of the recovery from the pandemic, and limited supply of black gold. As such, Brent oil gained 1% at $84.86 a barrel and WTI crude rose by 1.2% to $82.28 a barrel.
read more... 18/10/2021
Daily (15.10.2021): Oil prices climbed to multi-year highs on Thursday as Saudi Arabia dismissed calls for additional OPEC+ supplies
Crude oil prices climbed to hit multi-year highs on Thursday after Saudi Arabia, one of the main crude oil producers in the world, rejected to follow the policy of OPEC+ to increase their output for price controls. Additionally, the International Energy Agency (IEA) said surging natural gas prices could boost demand for oil among power generators. Hence, Brent crude rose by 1% to settle at $84.00 a barrel, the highest level since October 2018. U.S. WTI crude increased by 1% to close at $81.31 a barrel, hitting a seven-year record high.
read more... 15/10/2021