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Daily (11.10.2019): EU carbon prices climbed by 2.5% on Thursday, following positive negotiations between the UK and Ireland
Crude oil prices rebounded on Thursday, as OPEC pledges to take a supply decision for next year this December. Trade talks between U.S. and China to be held next week also lent support to prices. Hence, Brent crude rose by 1.3% to 59.10 a barrel, while WTI futures climbed by 1.8% on a daily basis to end at $53.55 a barrel.
read more... 11/10/2019
Daily (19.08.2019): The German spot power price tumbled by 27% due to lower demand
Oil prices rebounded from previous losses on Friday asfurther support from central banks might alleviate recession worries. Brent crude rose $0.41, or 0.7% to $58.64 a barrel. WTI futures added $0.40, or 0.7% to $54.87 a barrel.
read more... 19/08/2019
Daily (09.08.2019): Oil prices rebounded by nearly 3% on Thursday, due to a firmer yuan and hopes for additional OPEC output cuts
Oil prices strengthened on Thursday, rebounding from an earlier low, after Saudi Arabia showed readiness to discuss with other producers about the recent slump in crude prices. The prospect of additional output cuts from OPEC, coupled with a steadying yuan, supported prices. As a result, Brent crude rose by 2.1% to $57.38 a barrel. At the same time, WTI futures spiked by 2.8% to $52.54 a barrel, boosted by a fall in inventories at Cushing, Oklahoma, in the week to August 6.
read more... 09/08/2019
Russia’s oil output rebounds from 3-year-low
Russia’s oil production in the past few days has recovered to the ceiling that Moscow has pledged in the OPEC+ deal, Russian Energy Minister Alexander Novak said, after output had dropped to nearly 3-year lows in the 1st days of July, Oilprice reported.
read more... 22/07/2019
Daily (10.06.2019): Oil prices climbed by over 2.5% on Friday, due to low rig counts and OPEC-led supply cuts extension
Oil prices rebounded on Friday, as U.S. recorded the lowest oil rig count in six months and energy firms focus more on earning growth instead of increasing output. Moreover, oil prices were supported by Saudi Arabia claims that OPEC is close to agreeing a further extension of supply cuts. As a result, Brent crude settled 2.5% up at 63.29$ a barrel, while WTI futures climbed by 2.7% to 53.99$ a barrel.
read more... 10/06/2019