Latest news
Daily (19.03.2021): Oil prices plummeted by 7% on Thursday amid faltering vaccine rollout in Europe
Oil prices plummeted for a fifth day in a row on Thursday due to tighter restrictions in many EU countries, including Italy, France and Poland, as the slowdown in vaccination programs in Europe led to rising Covid-19 cases. Hence, Brent crude dropped by $4.72, or 6.9%, to settle at $63.28 a barrel, while U.S. WTI crude fell $4.60, or 7.1%, to settle at $60.00 a barrel. Both contracts tumbled by more than 11% since their recent highs hit on March 8.
read more... 19/03/2021
Daily (10.02.2021): Oil prices at 13-month highs on Tuesday amid supportive factors on the supply and demand side
Crude oil futures continued their rally, to hit their highest levels in 13 months on Tuesday, driven by a series of encouraging factors on the supply and demand side. A weaker dollar provided further support to oil prices. Hence, Brent crude rose by 53 cents, or 0.9%, to settle at $61.09 a barrel. U.S. WTI crude added 39 cents, or 0.7%, to close at $58.36 per barrel. Both contracts had hit their highest since January 2020 after having risen for six straight sessions.
read more... 10/02/2021
Daily (13.01.2020): Oil prices escalated at highest levels since February on Tuesday amid Saudi cuts
Crude oil futures advanced on Tuesday, with prices approaching pre-coronavirus levels, continuing to be supported by last week’s surprised decision by Saudi Arabia to cut production by about 1m bbl/day in February and March. Hence, Brent crude rose by 92 cents, or 1.7%, to settle at $56.58 a barrel. At the same time, U.S. WTI crude gained 96 cents, or 1.8%, to end at $53.21. Both contracts finished at their highest level since February 21.
read more... 13/01/2021
Polish offshore wind duo granted grid connections
RWE's 350MW FEW Baltic 2 and PGE's 1498MW Baltica 2 projects sign contracts with TSO Polskie Sieci Elektroenergetyczne
read more... 08/01/2021
Daily (18.12.2020): EUAs at around 32€ highs on Thursday due to tighter EU climate targets and short-auction supply
Crude oil prices continued their upward trend on Thursday, spurred by a larger-than-expected U.S. crude stockpile draw and by optimism about a coronavirus relief package in the United States and record-breaking refining demand in China and India. Hence, Brent crude rose by 42 cents, or 0.8%, to end at $51.50 a barrel. Meanwhile, WTI crude settled 54 cents, or 1.1%, higher at $48.36 per barrel. Both contracts closed again at nine-month highs.
read more... 18/12/2020