Latest news
Daily (26.05.2017): Oil prices fell sharply by 5% on Thursday after OPEC’s meeting
Oil prices fell sharply on Thursday after an OPEC delegate said the oil producer group had decided to extend cuts in production by 9 months to March 2018. That statement disappointed several investors, who had expected that OPEC might reduce output even further to drain a global glut.
read more... 26/05/2017
Daily (25.05.2017): European electricity prices fell 13% on Wednesday
Oil prices slightly decreased on Wednesday as investors waited for news from Vienna where ministers from OPEC and other exporting countries were talking about the option to extend production cuts into the first quarter of 2017.
read more... 25/05/2017
Daily (24.05.2017): EU carbon prices slipped back from a one-month high on Tuesday
Oil futures varied on Tuesday, as oil prices fell earlier in the session following the news highlighting president Donald Trump's plan to sell off half of the United States' petroleum reserves. However, as OPEC's leader, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six months, the oil prices increased to settle slightly higher.
read more... 24/05/2017
Daily (23.05.2017): European spot electricity prices fell by 6-7% on Monday
Oil futures rose on Monday to the highest level in more than a month, as speculation that the cuts could be further extended, pushed prices up.
read more... 23/05/2017
Daily (22.05.2017): Oil prices posted a 5% weekly gain on Friday
Oil futures rose on Friday to the highest level in nearly a month on growing optimism that big producing countries will extend output reductions to curb a persistent glut in crude.
read more... 22/05/2017