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Daily (17.05.2021): Oil prices increased by over 2% on Friday, on optimism over strong demand recovery in the US
Crude oil prices rebounded on Friday, lifted by prospects of strong demand recovery the United States and a weaker dollar. Brent oil rose by 2.5% to $68.71 a barrel and WTI crude was 2.4% up at $65.37 a barrel.
read more... 17/05/2021
Daily (11.05.2021): Front-year European electricity prices rocketed at multi-year highs on Monday as carbon broke the 52 EUR/t mark
Oil markets lacked a clear direction on Monday, with the Brent and WTI crude climbing marginally at $68.32 a barrel and $64.92 a barrel despite a cyber-attack forcing the shutdown of major fuel pipelines in the United States. However, hopes of an upcoming general global demand recovery provided some upside pressure.
read more... 11/05/2021
Daily (30.04.2021): Crude oil prices rose nearly 2% on Thursday, supported by worldwide economic recovery optimism
Crude oil prices strengthened further on Thursday, following optimism from economies around the world recovering from the pandemic and in turn boosting demand for black gold. Thus, Brent crude gained 1.9% to $68.56 a barrel, while WTI oil ended 1.8% up at $65.01 a barrel.
read more... 30/04/2021
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Total's upstream oil and gas business propels Q1 recovery
Total on April 29 reported a strong first-quarter recovery in its upstream oil and gas business, with higher prices leading to almost triple the level of adjusted operating profit in the segment compared to a year ago, but also noted continued market volatility and "very poor" refining margins.
read more... 29/04/2021
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OPEC+ sticks to plan to ease crude oil output cuts from May 1
OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases in India, Brazil and Japan.
read more... 28/04/2021