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Daily (13.09.2019): Welding anomalies at French nuclear reactors supported spot gas and power prices across Europe
Crude oil prices had another bearish day, after Donald Trump denied the possibility on an interim U.S.-China trade deal. Comments by OPEC+ alliance that deeper cuts would not be decided before a meeting in December and ECB’s decision to cut its deposit rate also weighed on prices. Hence, Brent crude dropped by 0.7% to close at $60.38 a barrel, while WTI futures lost 1.2% to settle at $55.09 a barrel.
read more... 13/09/2019
Russian thermal coal production to grow to 550 million mt per year by 2035: Putin
Russian thermal coal production is set to grow over 100 million mt by 2035, as the country looks to invest in new coal infrastructure and focus increasingly on the growing Asia-Pacific region, President Vladimir Putin said in a meeting with heads of coal mining regions last week.
read more... 28/08/2019
Daily (01.08.2019): NBP spot soared by over 5% on Wednesday, amid lower supply and stronger buying interest
A larger-than-anticipated decline in the U.S. crude inventories led to a further rise in crude oil prices on Tuesday. Furthermore, the interest rates were eventually lowered by the U.S. Federal Reserve, adding to the bullish market sentiment. Brent crude traded 0.7% higher at $65.17 a barrel, while WTI futures nudged up by 0.9% to $58.58 a barrel, as gains were reduced by waning hopes for an upcoming U.S.-China trade deal, as the negotiators postponed their next meeting until September.
read more... 01/08/2019
Daily (31.07.2019): WTI futures hiked by over 2% on Tuesday, due to a potential Fed rate cut and lower U.S. crude stocks
Crude oil prices posted robust gains on Tuesday, on hopes that the ongoing two-day meeting of U.S. central bankers would result in an interest rate cut for the first time in over ten years. Prices were also boosted by expectations that the U.S. crude stocks might have dropped for the seventh consecutive week. In addition, persistent supply concerns in the Strait of Hormuz lent more support to prices. Consequently, Brent crude rose by 1.6% to $64.72 a barrel, while WTI futures surged by 2.1% to $58.05 a barrel.
read more... 31/07/2019
Daily (01.07.2019): Carbon prices fell by around 2.3% on Friday, amid quarter-end profit-making
Crude oil prices were bearish on Friday, as traders awaited the outcome of the meeting of the U.S. President Donald Trump with the Chinese President Xi Jinping. As a result, WTI futures settled 1.6% lower at $58.47 a barrel, while Brent crude remained flat at $66.55 a barrel. However, expectations for a prolongation of crude output cuts by OPEC members and their allies at their meetings on July 1-2 limited losses.
read more... 01/07/2019