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Daily (05.06.2019): NBP spot surged by 12.5% on Tuesday, buoyed by higher gas-for-power demand
Crude oil prices rebounded from the earlier four-month low on Tuesday, on the back of stronger U.S. stock markets after China’s call for dialogue with the U.S. to solve the trade dispute. Firmer expectations for an interest rate cut following the comments from U.S. Federal Reserve Chairman also boosted market sentiment. Brent crude rose by 1.1% to $61.97 a barrel, while WTI futures edged up by 0.4% to $53.48 a barrel.
read more... 05/06/2019
UK Oil Production Up 9% In First Quarter
The UK’s crude and natural gas liquids (NGL) production increased by 9 percent annually to reach 1.18 million bpd in the first quarter of 2019, S&P Global Platts quoted statistics from the UK Department of Business, Energy & Industrial Strategy as showing on Thursday.
read more... 31/05/2019
Daily (29.05.2019): NBP spot soared by 4.3% on Tuesday, on expectations for colder weather
Oil prices were flat on Tuesday, as bullish signals from flooding at several distribution hubs around the United States offset the ongoing bearish sentiment that the trade war could hurt economic growth and reduce oil demand. As a result, Brent crude remained untraded at $70.11 a barrel, while WTI futures settled at $59.14 a barrel.
read more... 29/05/2019
Russia's oil output falls to 11.126 million bpd on May 1-26
Russia’s oil production fell to 11.126 million barrels per day (bpd) between May 1 and 26, two industry sources told Reuters on Monday.
read more... 28/05/2019
Daily (22.05.2019): NBP spot ended down by nearly 3% on Tuesday due to higher Norwegian flows
The outlook of a tighter supply fuelled by the growing tensions in the Middle East and OPEC’s constant commitment to cut output supported oil prices on Tuesday. Meanwhile, gains were capped by the lengthy U.S.-China trade dispute and its bearish impact on the global economic growth. Brent crude price edged higher by 0.3% to 72.18 USD/bbl, while WTI futures were only 0.1% up at 63.13 USD/bbl.
read more... 22/05/2019