Latest news
Daily (24.10.2019): EU carbon prices plunged by 3.5% on Wednesday, amidst Brexit concerns and a bearish energy market
Crude oil prices extended gains on Wednesday, following a drop in U.S. crude inventories and due to OPEC’s intention to deepen supply cuts. However, slowing global demand might limit the rise. Hence, Brent crude surged by 2.5% to 61.17 a barrel, while WTI futures climbed by 2.7% to end at $55.97 a barrel.
read more... 24/10/2019
Daily (23.10.2019): WTI crude jumped by 2.2% on Tuesday, due to progress in China-U.S. trade talks
Crude oil prices rose on Tuesday, after Washington and Beijing have made progress in trade negotiations, according to China’s Vice Foreign Minister Le Yucheng. Hence, Brent crude closed 1.3% higher at $59.70 a barrel, while WTI futures jumped by 2.2% to $54.48 a barrel.
read more... 23/10/2019
Daily (22.10.2019): NBP spot turned bearish to plunge by 17.8% on Monday, on rising flows via the Langeled pipeline
Crude oil prices traded lower on Monday, as the U.S. commerce secretary said that an initial China-U.S. trade deal does not need to be finalized next month, stoking concerns over global economic growth. Reports showing that Russia oil output surpassed OPEC+ quota also weighed on prices. However, slighlty higher European shares due to a potential optimistic Brexit deal limited losses. Hence, WTI futures fell by 0.9% to $53.31 a barrel, while Brent crude edged 0.8% down at $58.96 a barrel.
read more... 22/10/2019
Daily (21.10.2019): NBP spot jumped by 5.8% on Friday, due to unscheduled outages at the Forties oil and gas pipeline
Oil prices edged lower on Friday following data indicating that the Chinese economy registered the slowest growth in nearly three decades. Ongoing trade negotiations between China and U.S. and the rising amount in crude stockpiles also put pressure on prices. Hence, Brent crude dropped by 0.8% to end at $59.42 a barrel, while WTI futures lost 0.3% to settle at $53.78 a barrel.
read more... 21/10/2019
Daily (18.10.2019): EUAs nearly 1% off a fresh three-week high on Thursday, amid growing uncertainty over the fate of the new Brexit deal
Crude oil prices extended gains on Thursday after data pointed at a fall in the U.S. fuel stocks. Higher freight rates from Chinese shipping firm COSCO coupled with news about a new Brexit deal agreed between the UK and the EU also supported prices. Still, gains were capped by demand concerns in the wake of a larger-than-forecasted build in the U.S crude inventories and a string of poor economic data. Consequently, Brent crude inched up by 0.8% at 59.91 USD/bbl, while WTI futures added 1.1% to end at 53.93 USD/bbl.
read more... 18/10/2019