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Daily (26.08.2020): Oil prices at the highest levels since early March on Tuesday amid supply disruptions in the Gulf of Mexico ahead of hurricane
Oil prices surged to their highest level since early March on Tuesday as Storm Laura, which turned into a hurricane, disrupted platform activity and threatened refineries in the Gulf of Mexico area. However, rising coronavirus cases in Asia and Europe limited gains. Hence, Brent crude soared by 73 cents, or 1.6%, to settle at $45.86 a barrel. At the same time, U.S. WTI crude rallied by 73 cents, or 1.7%, to close at $43.35.
read more... 26/08/2020
Daily (03.05.2019): EUAs fell by over 9% on a weekly basis, after the end of compliance purchase
The high level of U.S. crude stockpiles overshadowed the ongoing fears of a tighter supply, pushing crude oil prices lower on Thursday. Moreover, a potential rise in Saudi Arabia’s production to meet Asian refineries’ requests for more crude oil also weighed on prices. Consequently, WTI futures plunged by 2.8% to $61.81 a barrel, while Brent crude fell by 2% to $70.75 a barrel.
read more... 03/05/2019
25% of oil and gas refineries might shut down by 2035
25% of oil and gas refineries might shut down by 2035
read more... 02/11/2017
Daily (20.09.2017): WTI crude price dipped to $49.48 a barrel on increased U.S. shale production
Oil markets dipped on Tuesday, influenced by increasing U.S. shale production and worries that another hurricane hitting the Caribbean could affect refineries and disrupt delivery to and from the United States.
read more... 20/09/2017
Daily (18.09.2017): British gas contracts dipped on Friday due to weaker energy complex
Oil prices were firm on Monday and stayed close to multi-month peaks hit late last week as the number of U.S. rigs drilling for new output fell and due to the restart of the refineries after Hurricane Harvey.
read more... 18/09/2017