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Daily (06.11.2019): NBP spot climbed by 9% on Tuesday amid strong demand
Optimism over a nearing U.S.-China trade agreement and a potential suspension of some U.S. tariffs on Chinese imports pushed crude oil prices higher on Tuesday. Hence, Brent crude rose by 1.3% to $62.96 a barrel. In the meantime, WTI futures ended 1.2% up at $57.23 a barrel.
read more... 06/11/2019
Daily (15.10.2019): NBP spot spiked by 21.3% on Monday, due to lower send-out rates from LNG terminals and weaker wind output
Crude oil prices fell on Monday on doubts about a China-U.S. trade deal. China declared that further discussions were needed, while U.S. reported that tariffs on Chinese imports are still set to take effect on Dec. 15, if a deal is not reached by that time. A rise in U.S. dollar also put pressure on prices. Hence, Brent crude fell by 1.9% to $59.35 a barrel, while WTI futures dropped by 2% to $53.39 a barrel.
read more... 15/10/2019
Zimbabwe hikes average electricity tariff by 320% - energy regulator
Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.
read more... 09/10/2019
Daily (03.09.2019): EU carbon prices sank by over 4% on Monday, amid growing Brexit turmoil
Crude oil prices remained bearish on Monday, as the recent import tariffs resulting from the latest trade war escalation between the U.S. and China have started to apply, raising concerns over a tighter demand outlook. The impact of Hurricane Dorian near the Florida coast also posed a threat for the crude demand. Further downward pressure came from higher oil production by OPEC members in August, for the first month this year. As a result, Brent crude dropped by 2.9% to $58.66 a barrel, while WTI futures lost 0.5% to settle at $54.84 a barrel.
read more... 03/09/2019
Daily (16.08.2019): EU carbon prices at a new 5-week low on Thursday, due to speculative selling, Brexit fears and a weak macroeconomic context
Intensifying recession fears spurred by downbeat economic data in Europe and China dragged the crude oil prices lower on Thursday. China’s warning about potential countermeasures in response to the latest U.S. tariff on Chinese goods also weighed on the market. Moreover, the rise in the U.S. crude inventories, extended unexpectedly into the second week, added pressure on crude prices. Under such circumstances, Brent crude dropped by 2.1% to $58.23 a barrel, while WTI futures lost 1.4% to trade at $54.47 a barrel.
read more... 16/08/2019