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Daily (23.08.2019): EU carbon prices fell to an 8-week low on Thursday, weighed down by technical weakness
Crude oil prices inched down on Thursday, due to weaker equity markets and uncertainty over the outlook for U.S. interest rate cuts. Both Brent crude and WTI futures fell by 0.6% to $59.92 and $55.35 a barrel respectively.
read more... 23/08/2019
Rosneft signs agreements on offshore gas field development with Mozambique
Russian state-run oil company Rosneft signed a memorandum of understanding with Mozambique's National Hydrocarbons Company (Empresa Nacional de Hidrocarbonetos E.P., ENH) to develop offshore natural gas fields, a TASS correspondent reported from the signing ceremony.
read more... 23/08/2019
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
Daily (13.08.2019): European carbon prices slumped by over 5% on Monday amid a weaker auction
Oil prices remained bullish on Monday, on expectations for deeper cuts of global oil supplies that might counterbalance the slowing growth of global crude demand driven by the U.S.-China trade dispute. Brent crude traded 0.1% up at $58.57 a barrel. At the same time, the ongoing tensions between the U.S. and Iran, along with a weakening dollar, pushed the WTI futures 0.8% higher at $54.93 a barrel.
read more... 13/08/2019
Germany's power export surplus narrowed 11.7% in H1 -data
Germany reduced its traditional net electricity surplus by 2.8 TWh or 11.7% in the first half of 2019 compared with the same 2018 period due to fuel and carbon price effects, industry data showed on Tuesday.
read more... 31/07/2019