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Daily (27.04.2018): German year-ahead power price rose by 1.7% on Thursday backed by gains in related coal and carbon markets
Oil prices rose on Thursday, as United States are likely to re-introduce sanctions against Iran. Markets were also backed by a decline in Venezuela oil output and ongoing strong demand. Brent crude added $0.74, or 1%, to end at $74.74 a barrel. WTI futures closed 0.2% higher at $68.19 a barrel.
read more... 27/04/2018
Daily (21.03.2018): EUAs rebounded by 4.3% to hit a six-year high on Tuesday due to a strong auction
Oil prices hiked by more than 2% on Tuesday as tensions in the Middle East deepened and due to a potential fall in Venezuelan oil output.
read more... 21/03/2018
Russia's Rosneft obtained licenses from Venezuela for two gas fields
Russian oil giant Rosneft obtained from Caracas licenses for the development of two offshore gas fields.
read more... 18/12/2017
Daily (01.08.2017): European spot electricity prices soared by 60-70% on Monday on high air conditioning demand
Oil was slightly bullish near two-month highs on Monday, putting July 2017 to become the strongest month so far this year. Tightening U.S. market after heavy inventory falls and slower new oil rig additions supported the prices. Sentiment in the oil market is very bullish as some OPEC and non-OPEC members will meet on Aug. 7-8 in Abu Dhabi to assess compliance with production cuts. Also, the U.S. is considering imposing sanctions on Venezuela's oil sector, pushing up the prices. Brent crude rose by 0.25% to $52.65 a barrel, while WTI price rose by almost 1% to close at $50.17 a barrel.
read more... 01/08/2017
Daily (27.07.2017): UK wholesale gas prices jumped by 5.37% on Wednesday
Oil prices continued to rose on Wednesday. The U.S. crude stockpiles fell sharply last week as refineries boosted output. Nigerian output slipped this week as leaks forced Shell to shut oil exporting pipeline. long-awaited oil market rebalancing is underway. Venezuela, an OPEC member, faces deepening economic woes and protests, the US plans to impose financial sanctions to halt dollar payments for the Venezuelan oil. Brent edged up by 1.53% to $50.97 a barrel, while WTI price jumped by 1.8% to close at $48.75 a barrel.
read more... 27/07/2017