Latest news
.png)
Daily (03.08.2021): European spot electricity prices skyrocketed by over 200% on Monday amid expectations of low wind
Crude oil prices fell for the second day in a row on Monday as highly contagious Delta variant of coronavirus sparked new mobility restrictions around the world, raising worries about demand recovery. Higher crude output from OPEC producers put further downward pressure on crude prices. Hence, Brent crude shed by 4.9% to settle at $72.58 a barrel. U.S. WTI crude ended 3.6%, lower at $71.26.
read more... 03/08/2021
Daily (14.07.2021): Brent crude gained ground on Tuesday as OPEC impasse means tight supply
International Energy Agency report showed that the market should expect tighter supply for now due to disagreements among major producers. According to the same report, a strong recovery in demand was noticed during last month. Thus, Brent crude gained around 1.8% to end at $76.49 a barrel. The American crude rose by 1.6% to settle at $75.25 a barrel.
read more... 14/07/2021
.jpg)
Brent crude oil stays above $75 amid impasse in OPEC+ talks
Oil prices were little changed in early Asian trade on Monday as an impasse in talks among key producers to raise output in coming months kept supplies tight, offsetting concerns about coronavirus' impact on the global economy.
read more... 12/07/2021
.jpg)
Oil prices extend losses as OPEC uncertainty lingers
Oil prices fell for a third day on Thursday amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned.
read more... 09/07/2021
Daily (07.07.2021): Oil prices slumped by over 3% on Tuesday after OPEC producers canceled meeting over supply dispute
Crude oil prices slumped on Tuesday after OPEC producers failed to agree a supply increase. On Monday, ministers from OPEC canceled a meeting after failing to resolve a dispute between the largest producer Saudi Arabia and the United Arab Emirates. Hence, Brent crude slumped by $2.63 a barrel, or 3.4%, to settle at $74.53 a barrel. U.S. WTI crude tumbled by $1.79, or 2.4%, to end at $73.37 a barrel.
read more... 07/07/2021