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Daily (27.09.2018): NBP gas contracts lost around 3% on Wednesday, due to warmer weather and an oversupplied system
Oil crude prices lost momentum on Wednesday after U.S. data revealed higher-than-expected domestic crude inventories. Moreover, the U.S. officials promised investors that the oil market will not experience supply shortages and Trump has once again urged OPEC to pump more oil in his speech at the United Nations on Tuesday. Nevertheless, a substantial drop in Iranian exports kept Brent price above $80. U.S. West Texas Intermediate (WTI) crude futures plunged by 1% down, or 71 cents, to settle at $71.57 a barrel. Meanwhile, Brent crude edged 0.7% down at $81.34 a barrel.
read more... 27/09/2018
Daily (26.09.2018): The carbon contracts traded almost 5% lower on Tuesday due to a bearish energy complex
Oil futures continued to rise on Tuesday, on concerns over global supply, once U.S. sanctions on Iran’s crude exports will be applied in November. The increase in prices was limited by Donald Trump’s call on OPEC to raise production. Brent crude added 0.8%, extending its 4-year peak to $81.87 a barrel. Meanwhile, WTI crude edged 0.3% higher to $72.28 a barrel due to falling U.S. inventories.
read more... 26/09/2018
Siemens Gamesa wins new contracts in Spain
Siemens Gamesa, a leader in the renewable energy industry, has continued winning new contracts in Spain, having recently sealed deals with WPD, Brial and a major energy company for the supply of 233 MW.
read more... 26/09/2018
Daily (11.09.2018): UK gas contracts hit new peaks on Monday, due to an undersupplied system and bullish carbon markets
Oil crude futures continued to rise on Monday, as a decline in exports from Iran ahead of the November deadline for the implementation of new U.S. sanctions supported prices. Brent crude traded 0.7% higher at $77.37 a barrel. However, WTI crude dropped by 0.3% to $ 67.54 a barrel, because of higher U.S. inventories.
read more... 11/09/2018
Daily (10.09.2018): Carbon contracts posted a 10% weekly gain on Friday
Friday saw a steady evolution in oil prices, with U.S. crude dropping on weak global equity markets, while Brent saw an upward trend due to geopolitical factors, including violent protests in the southern Iraqi city of Basra. Brent crude price rose by 0.4% to close at $76.83 a barrel, resulting in a 0.8% decrease for the week. In spite of the fact that Iraqi protesters entered a 400,000 barrel per day oilfield facility operated by Lukoil and held two staff members hostage, WTI crude insignificantly slipped to trade at $67.75 a barrel.
read more... 10/09/2018