Latest news
Daily (26.05.2017): Oil prices fell sharply by 5% on Thursday after OPEC’s meeting
Oil prices fell sharply on Thursday after an OPEC delegate said the oil producer group had decided to extend cuts in production by 9 months to March 2018. That statement disappointed several investors, who had expected that OPEC might reduce output even further to drain a global glut.
read more... 26/05/2017
Daily (25.05.2017): European electricity prices fell 13% on Wednesday
Oil prices slightly decreased on Wednesday as investors waited for news from Vienna where ministers from OPEC and other exporting countries were talking about the option to extend production cuts into the first quarter of 2017.
read more... 25/05/2017
Daily (24.05.2017): EU carbon prices slipped back from a one-month high on Tuesday
Oil futures varied on Tuesday, as oil prices fell earlier in the session following the news highlighting president Donald Trump's plan to sell off half of the United States' petroleum reserves. However, as OPEC's leader, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six months, the oil prices increased to settle slightly higher.
read more... 24/05/2017
Daily (18.05.2017): Oil prices surged by around 1% to a two-week high on Wednesday
Oil prices surged to a two-week high on Wednesday after U.S crude inventories declined for the sixth straight week. On May 25, in Vienna, OPEC producers are expected to extend the supply cuts. Brent crude edged up 1% to close at $52.21 per barrel. Meanwhile, U.S. WTI crude price jumped by 0.84% to settle at $ 49.07 a barrel.
read more... 18/05/2017
Daily (17.05.2017): EU carbon prices increased above €4.50 for the first time in a week
Oil prices seesawed on Tuesday within two opposed trends. The increasing trend during the session was supported by the news that several OPEC members voiced the opinion to continue supply cuts until March 2018 to reduce a global glut of crude oil. The downward evolution at the end of the day was caused by the data from the American Petroleum Institute indicating an unexpected build in crude inventories.
read more... 17/05/2017