Latest news
Daily (25.06.2019): The EUAs spiked by 4.2% to a one-month peak on Monday, amid technical buying and higher thermal generation
Oil prices diverged on Monday. Brent crude setlled 0.5% lower at $64.86 a barrel on returning concerns over a scarce crude demand, with traders awaiting the outcome of the G20 summit at the end of this week. Meanwhile, WTI futures rose by 0.8%, to $57.90 a barrel, as the prospect of tighter oil supply worsened after U.S. President Donald Trump imposed new sanctions on Iran in the context of ongoing fears of a military conflict between the U.S. and Iran. Expectations of extended oil output cuts from OPEC and its allies after their meetings on July 1-2 helped balance the market.
read more... 25/06/2019
Daily (04.06.2019): The EUAs dipped by nearly 3% to a two-month low on Monday, amid weak demand and an expected surge in supply
Crude oil prices continued to fall on Monday, under the heavy influence from the ongoing demand-side concerns stoked by U.S.-China trade tensions and threats of U.S. tariffs on Mexico. Brent crude slumped by 5% to $61.28 a barrel, while WTI futures traded 0.5% lower at $53.25 a barrel.
read more... 04/06/2019
Daily (08.05.2019): EUAs rebounded by over 4% on Tuesday, on expectations for a tighter market
Oil prices lost ground on Tuesday, due to returning concerns over global growth raised by ongoing complications in the U.S.-China trade talks. Expectations for rising U.S. crude production and stockpiles put more pressure on prices. Consequently, the Brent crude price dropped by 1.9% to $69.88 a barrel.
read more... 08/05/2019
Daily (03.05.2019): EUAs fell by over 9% on a weekly basis, after the end of compliance purchase
The high level of U.S. crude stockpiles overshadowed the ongoing fears of a tighter supply, pushing crude oil prices lower on Thursday. Moreover, a potential rise in Saudi Arabia’s production to meet Asian refineries’ requests for more crude oil also weighed on prices. Consequently, WTI futures plunged by 2.8% to $61.81 a barrel, while Brent crude fell by 2% to $70.75 a barrel.
read more... 03/05/2019
Daily (03.12.2018): EUAs continued their bullish run on Friday, posting an increase of over 2%
A stronger dollar and global oversupply put pressure on oil prices on Friday. Nevertheless, losses were limited ahead of the 175’th Summit in Vienna, where OPEC and Russia will potentially talk about measures to reduce output. Brent crude price was 1.3% down at $58.71 a barrel, or more than a 1-year low. WTI crude also fell 1% to $50.93 a barrel.
read more... 03/12/2018