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Daily (22.01.2019): French spot power prices surged by 13.2% on Monday on reduced nuclear availability due to strike
Oil prices inched up on Monday amid investors’ optimism driven up by surging stock markets and signs of weaker crude production due to OPEC-led output cuts. A record crude oil refinery throughput in 2018 reported by China’s National Bureau of Statistics supported the prices. However, a slowing economy and tensions between US and China limited gains. Brent crude edged 0.1% higher at $62.74 a barrel, while WTI futures rose by 0.7% to $54.17 a barrel.
read more... 22/01/2019
Daily (21.01.2019): European carbon prices up by 5% on Brexit hopes and cold weather
Oil prices rose on Friday as China presented a plan aimed at increasing purchases of U.S. goods in order to reduce the trade surplus with the U.S. to zero by 2024. The recent OPEC’s report showing weaker oil output also lent support to prices. However, the continuous trade disputes between the two major economies boosted fears over slower global economic growth and lower demand for fuel. Brent crude traded 2.5% higher at $62.70 a barrel, while WTI futures surged by 3.3% to $53.80 a barrel.
read more... 21/01/2019
Daily (18.01.2019): European year-ahead power prices climb by over 4% on Thursday, due to colder weather
Oil prices retreated on Thursday, due to stronger U.S crude oil production and persisting concerns over trade between China and US. However, losses were limited by OPEC output cuts. Brent crude edged 0.2% lower at 61.18 USD/bbl, while WTI crude was down by 0.5% at 52.07 USD/bbl.
read more... 18/01/2019
Daily (17.01.2019): Carbon prices jumped by over 3% on Wednesday following an oversized Polish auction
Oil prices edged higher on Wednesday, due to OPEC supply cuts and China’s fiscal stimulus signals. However, gains were capped by increasing U.S. fuel inventories and higher crude oil production. As a result, Brent crude inched up by 1.1% to 61.32 USD/bbl, while WTI futures edged 0.4% higher closing at 52.31 USD/bbl.
read more... 17/01/2019
Daily (16.01.2019): Brent crude jumped by 2.8% on Tuesday due to China’s potential fiscal stimulus
Oil prices jumped on Tuesday as China plans to implement fiscal measures aimed at stabilizing country’s slowing economy. Moreover, output cuts by OPEC and Russia also boosted prices. Brent crude rose by 2.8% to 60.64 USD/bbl, while WTI crude was up by 3.2% settling at 52.11 USD/bbl
read more... 16/01/2019