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Daily (19.11.2021): European carbon prices hit a fresh all-time high above 69 EUR/t on Thursday amid speculative buying
Oil prices increased slightly on Thursday, but the market was unable to reprise its recent highs as China seems ready to release some of its oil reserves, in apparent collaboration with the United States to fight back against OPEC output cuts. Hence, Brent crude settled 96 cents, or 1.2%, higher at $81.24 a barrel. U.S. WTI crude closed 65 cents, or 0.8%, higher at $79.01 a barrel.
read more... 19/11/2021
Nations strike deal on international carbon markets at Glasgow summit
Negotiators from almost 200 governments have reached a final deal on the rules governing the international trade of emissions reduction units after six years of haggling that had held up the Paris Agreement rulebook.
read more... 15/11/2021
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OPEC+ rebuffs U.S. calls for speedier oil output increases
OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December, despite calls from the United States for extra supply to cool rising prices.
read more... 05/11/2021
Daily (28.10.2021): Oil prices lost more than 2% on Wednesday, pressured by a weekly increase in US crude stocks
Crude oil prices were bearish on Wednesday, as crude reserves in the United States rose by twice as much as analysts expected. Moreover, prices fell on signs of a resumption of nuclear negotiations with Iran. Hence, Brent oil lost 2.1% at $84.58 a barrel and WTI crude dropped by 2.4% to $82.66 a barrel.
read more... 28/10/2021
Daily (08.10.2021): Oil prices increased by 1.1% on Thursday, after the US commented that it will not start dipping into strategic crude reserves
Oil prices rose on Thursday, following an update from the US Department of Energy indicating that the United States would not "immediately" dip into the country's strategic reserves to cope with the increase the price of black gold. Brent oil and WTI crude both gained 1.1% to settle at $81.95 a barrel and $78.30 a barrel, respectively.
read more... 08/10/2021