Latest news
Daily (24.05.2019): WTI futures slumped by 5.7% on Thursday, amid growing U.S.-China trade concerns
Crude oil prices plunged on Thursday, heading for a 6-month low, weighed by fears that the prolonged trade dispute between U.S. and China is turning into a technology cold war, or a threat to the global economic growth. Weaker U.S. data, swelling U.S. crude inventories and softer global demand outlook due to the easing U.S.-Iran tensions put more pressure on prices. WTI futures plummeted by 5.7% to 57.91 USD/bbl, while Brent crude price dipped by 4.6% to 67.76 USD/bbl.
read more... 24/05/2019
Daily (23.05.2019): European carbon prices spiked by nearly 4% on Wednesday, on looming tight supply and higher gas prices
Crude oil prices dropped on Wednesday, after data showed that U.S. crude inventories surged unexpectedly amplifying concerns over a weaker oil demand raised by the lengthy U.S.-China tariff dispute. WTI futures closed 2.7% lower at 61.42 USD/bbl, in tandem with falling equities. On the other side, rising tensions between Washington and Iran coupled with OPEC’s intentions to continue output cuts helped limit the fall in prices. As a result, Brent crude price dropped by 1.7% to 70.99 USD/bbl.
read more... 23/05/2019
Daily (20.05.2019): NBP spot price slumped by 7.5% on Friday amid system oversupply
Oil prices lost momentum on Friday, weighed by persistent concerns over a weakening demand because of the stalemate in the U.S.-China trade negotiations. However, the decline in the Iranian and Russian exports along with reduced shipments from the North Sea capped losses. As a result, Brent crude retreated by 0.6% to 72.21 USD/bbl. In the meantime, WTI Crude price slipped by 0.2% to 62.76 USD/bbl.
read more... 20/05/2019
Daily (07.05.2019): EU electricity prices spiked by nearly 30% on Monday, as cold weather lifted demand
Oil prices inched higher on Monday amid growing tensions between U.S. and Iran, paring earlier losses after President Donald Trump’s statement on a potential rise in tariffs on Chinese goods. Brent crude added 0.6% to trade at $71.24 a barrel.
read more... 07/05/2019
Daily (06.05.2019): NBP spot price surged by 1.2% on Friday, due to cooler weather
Oil prices rose slightly on Friday supported by positive U.S. economic data. At the same time, output losses in Iran and Venezuela hit by US sanctions tightened the market. Even if Brent crude edged 0.1% higher at $70.85 a barrel, it nevertheless posted a 1.8% weekly decline.
read more... 06/05/2019