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Daily (31.10.2019): German spot power price fell by more than 11% due to strong renewables generation and weaker demand

Oil prices declined on Wednesday following a hike in U.S crude inventories which added to worries about a probable delay in solving the U.S- China trade war. Brent oil traded 1.6% lower at $60.61 a barrel. WTI crude settled 0.9% down at $55.06 a barrel.

read more... 31/10/2019

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Daily (30.10.2019): NBP spot dipped by 4.7% on Tuesday due to low demand and firm supplies

Crude oil prices diverged slightly on Tuesday. Brent crude was almost flat at $61.59 a barrel amid signs that U.S.-China trade differences might temper in November and on expectations for a draw in the U.S. refined product inventories. In the meantime, predictions of a rise in the U.S. crude stocks and Russia’s reserved outlook for a potential crude output extension by OPEC+ pushed WTI futures 0.5% lower at $55.54 a barrel.

read more... 30/10/2019

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Daily (29.10.2019): The German spot power price skyrocketed by nearly 140% on Monday amid low wind and strong demand due to a cold spell

Oil prices lost momentum on Monday, as traders expected a rise in the U.S. crude inventories. Moreover, the outlook for the global crude demand dimmed further because of pessimistic industrial data in China, weighing on the market sentiment. Consequently, Brent crude inched down by 0.7% to $61.57 a barrel, while WTI futures dropped by 1.5% to $55.81 a barrel.

read more... 29/10/2019

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Daily (25.10.2019): Carbon prices surged by around 2.8% on Thursday amid a firmer energy complex ahead of the key Brexit vote

Crude oil prices continued to rise on Thursday after a surprise fall in the U.S. crude stockpiles last week. Hopes for deeper supply cuts from OPEC also supported prices. However, persistent crude demand worries reduced gains. Consequently, Brent crude traded 0.8% higher at 61.67 USD/bbl. At the same time, WTI futures edged up by 0.5% at 56.23 USD/bbl.

read more... 25/10/2019

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China natural gas demand to grow by over 80% by 2030: Sinopec

State-owned Sinopec expects China's natural gas demand to increase by 82% to 510 Bcm in 2030, from 280 Bcm in 2018, driven by continued industrial upgrading and urbanization.

read more... 24/10/2019

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