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Daily (15.11.2023): Oil prices stabilized on Tuesday after an initial bullish response to the cooling US inflation
Oil prices flattened out on Tuesday after an initial bullish response to the slowdown in US inflation, which weighed on the dollar. Consequently, Brent crude ended at $82.47 per barrel, while WTI crude stabilized at $78.26 per barrel.
read more... 15/11/2023
EU agrees law to hit fossil fuel imports with methane emissions limit
The European Union reached a deal on Wednesday on a law to place methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas.
read more... 15/11/2023
Daily (14.11.2023): European spot electricity prices plummeted by 32% on Monday amid soaring wind output
Oil prices climbed on Monday, propelled by the publication of OPEC+'s monthly report aimed at mitigating "exaggerated negative sentiments" regarding the global oil demand outlook. As a result, both contracts rose by about 1.4%. Brent crude settled at $82.52 per barrel, while WTI crude ended at $78.26 per barrel.
read more... 14/11/2023
Daily (13.11.2023): Oil prices extended gains on Friday amid concerns of Middle East tensions and anticipation of OPEC production cut extension
On Friday, oil prices experienced a notable upswing as investors took precautionary measures leading into the weekend, driven by uncertainties surrounding the Middle East conflict and the market's expectation of an extended OPEC+ production cut. Consequently, Brent crude settled at $81.43 a barrel, while WTI crude closed at $77.17 a barrel, both contracts climbing by about 2%.
read more... 13/11/2023
Daily (10.11.2023): EUAs notched their largest daily increase in over a month on Thursday amid bullish technical indicators
Oil prices recovered slightly on Thursday after falling to their lowest levels since July the previous day, with the market betting on an extension of OPEC+ cuts. Hence, Brent crude settled at $80.01 a barrel, while WTI crude closed at $75.74 a barrel, both contracts edging about 0.5% higher.
read more... 10/11/2023