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Daily (12.03.2018): WTI crude surged by 3.2% on Friday due to strong US jobs data
Oil prices increased on Friday recovering from two days of declines due to strong US jobs data and investors’ hopes that the scheduled meeting between U.S. President Trump and North Korea’s Kim Jong Un would reduce geopolitical tensions.
read more... 12/03/2018
Daily (30.11.2017): EU carbon prices rose 1.4% supported by a bullish UK auction
Oil prices fell on Wednesday, pressured by ambiguity over the outcome of an OPEC meeting at which an extension to its price-supporting oil production reductions will be discussed. Brent crude oil declined by 50 cents, or 0.8 percent, to $63.11 a barrel. U.S. crude was 69 cents, or 0.5 percent, lower at $57.30.
read more... 30/11/2017
Daily (21.11.2017): German spot electricity prices surged on lower wind power supply and higher demand
Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.
read more... 21/11/2017
IEA: Global energy needs to be met by renewables and natural gas in the next 25 years
According to the World Energy Outlook 2017, the abundant growth in oil and gas production from the United States, strong reductions in the cost of renewables and emerging electrification are changing the global power system and ending traditional ways of meeting demand. Meanwhile, a greener and more diversified energy mix in China is another important driver of this transformation.
read more... 17/11/2017
Daily (26.07.2017): Oil prices soared by 3.3% on Tuesday on oil production cuts
Oil prices continued to rose on Tuesday. At St. Petersburg’s meeting on Monday, the OPEC and non-OPEC producers discussed extending their deal to cut output beyond March 2018 if necessary. Saudi Arabia proposed to limit exports from next month and Nigeria voluntarily agreed to join the deal. Brent crude soared by 3.3% to $50.20 a barrel, while WTI price climbed by 3.34% to close at $47.89 a barrel.
read more... 26/07/2017