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Daily (20.03.2024): Oil prices notched a minor increase on Tuesday amid continued attacks on Russia’s refineries and positive data from China
Crude oil prices extended gains yesterday due to ongoing attacks on Russia's refining infrastructure, positive macroeconomic data from China, as well as reports of decreasing US crude oil and gasoline inventories. As a result, Brent crude edged 0.6% higher to end at $87.38 a barrel. Meanwhile, U.S. WTI crude rose by about 1% to settle at $83.47 a barrel.
read more... 20/03/2024
EU aims to agree key path towards green industry ambitions
European Union policymakers hope to agree new rules on Tuesday to promote domestic production of equipment for solar and wind power, fuel cells and other clean technologies to ensure its industry can compete with Chinese and U.S. competitors
read more... 06/02/2024
Daily (05.02.2024): Oil prices extended losses on Friday amid surging U.S. employment concerns and Fed policy worries
Oil prices extended losses on Friday, with the market under pressure of a higher-than-expected U.S. employment figure, sparking concerns that the Fed may keep its tight policy in place longer than initially expected. Consequently, Brent crude declined by about 2% to settle at $77.33, while WTI crude tumbled by over 2% to settle at $72.28 per barrel.
read more... 05/02/2024
Daily (02.02.2024): European carbon prices plunged by 3% on Thursday, weighed by sluggish demand and ample supply
On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.
read more... 02/02/2024
Daily (26.01.2024): Oil prices surged to their highest levels since early December on the back of positive economic data from China and the U.S
Oil prices rose to their highest level since early December on Thursday, driven by encouraging economic data from the U.S. and stimulus actions in China. As a result, Brent crude ended at $82.43, while WTI crude closed at $77.36 per barrel, with both contracts jumping by about 3%.
read more... 26/01/2024