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Vitol boss warns of oil supply 'gap' in 2025-2035 as upstream spending ebbs
The world faces a potential global oil supply shortage over the coming decade as the pullback from fossil fuels project by parts of the industry creates a gap with expected demand, Russell Hardy, CEO of commodity trader Vitol, said June 15.
read more... 16/06/2021
Daily (20.02.2021): European commodity markets in a bearish mood on Wednesday, as carbon prices lost ground
Crude oil prices fell to their lowest in three weeks, on worries that surging COVID-19 cases in Asia would reduce oil demand. Moreover U.S. inflation fears could slow economic growth, also weighing on prices. Thus, Brent crude fell by nearly 3% to settle at $ 66.66 a barrel. Meanwhile, U.S. WTI crude declined by 4.1% to end at $63.36 a barrel.
read more... 20/05/2021
Daily (12.05.2021): European commodity market saw a bullish sentiment on Tuesday, with power and carbon prices at all-time highs
Oil markets saw small fluctuations on Tuesday, with the Brent crude edging marginally upwards by 0.3%, to end at $68.55 a barrel. Meanwhile, U.S. WTI crude rose by 0.6% to $65.28 a barrel.
read more... 12/05/2021
Daily (31.12.2019): New Year’s Eve saw a strong bearish evolution in forward energy prices
Crude oil evolved differently on Monday, but held near three-month high on Monday, spurred by declining U.S. crude inventories and hopes for an expected China-U.S. deal. However, intensified geopolitical risk following U.S. air strikes in Iraq and Syria gave the commodity a boost.
read more... 31/12/2019
9 Traits of Highly Effective Energy Consultants [Infographic]
Procuring energy and managing related risks presents businesses with unique challenges unlike any other goods or services they purchase. Besides, energy commodity prices can be extremely volatile. They can go up and down and are susceptible to unpredictable price increases. They’re also governed by a complex set of rules and inter-relationships.
read more... 20/09/2017