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Daily (25.01.2017): UK’s spot gas prices tumble on oversupply, warmer weather forecasts
Crude oil prices posted a modest increase on Tuesday on news that OPEC and other exporters are lowering production being offset by signs that drilling and production in the U.S. are definitely on the rise. Increased drilling in the United States could curb oil prices.
read more... 25/01/2017
Daily (24.01.2017): German day-ahead power contract up 111% amid strong demand
Crude oil prices lost 1 percent on Monday as signs of a strong rebound in U.S. drilling activity eclipsed news that OPEC and non-OPEC producers were likely to meet output reduction objectives.
read more... 24/01/2017
Daily (23.01.2016): Crude oil soars over 2% ahead of producers’ compliance meeting
Crude oil prices surged more than 2 percent on Friday on expectations that weekend‘s meeting of the world largest oil producers would establish a mechanism to verify compliance with a deal to reduce 1.8 million barrels per day (bpd) of output.
read more... 23/01/2017
Daily (20.01.2017): UK prices increase on colder weather predictions, Rough outage
Oil prices jumped on Thursday, but increasing U.S. crude stockpiles limited the rally from a one-week low after the International Energy Agency mentioned that oil markets had been reducing even before cuts agreed by OPEC and other producers took effect.
read more... 20/01/2017
Daily (19.01.2017): Crude oil prices down on a stronger dollar and expectations that US producers would raise output
Oil prices decreased on Wednesday to their lowest level in a week, due to a strong dollar and prospects that U.S. producers would increase production, at the same time as OPEC's output was down from a record high. Brent has ended the session at $53.92 per barrel, down $1.55 or 2.79 percent, while U.S. crude settled at $51.08, down $1.40, or 2.67 percent. Before the settlement, both contracts dropped to their lowest level in a week.
read more... 19/01/2017