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Daily (05.10.2018): NBP gas contract for delivery in 2019 traded 1.3% higher on Thursday despite lower consumption and a well-supplied system
Oil crude prices lost momentum on Thursday, due to forecasts for an increase in production by Saudi Arabia and Russia. However, the price losses were tempered by the forthcoming U.S. sanctions on Iranian exports. WTI crude closed 2.7% down at $74.33 a barrel, while Brent crude oil futures dropped by 2% to trade at $84.58 a barrel.
read more... 05/10/2018
Daily (27.09.2018): NBP gas contracts lost around 3% on Wednesday, due to warmer weather and an oversupplied system
Oil crude prices lost momentum on Wednesday after U.S. data revealed higher-than-expected domestic crude inventories. Moreover, the U.S. officials promised investors that the oil market will not experience supply shortages and Trump has once again urged OPEC to pump more oil in his speech at the United Nations on Tuesday. Nevertheless, a substantial drop in Iranian exports kept Brent price above $80. U.S. West Texas Intermediate (WTI) crude futures plunged by 1% down, or 71 cents, to settle at $71.57 a barrel. Meanwhile, Brent crude edged 0.7% down at $81.34 a barrel.
read more... 27/09/2018
Regulator approves BP’s £200 million development of Vorlich field
BP have been given approval to drill in the Vorlich field in the central North Sea.
read more... 27/09/2018
Daily (20.09.2018): NBP gas prices surged by more than 2% on Wednesday, due to increased demand
Oil prices gained additional ground on Wednesday, due to falling U.S. stocks and on concerns over global supplies, as sanctions imposed on Iranian exports will be implemented on 4’th of November. Brent crude edged 0.5% higher at $79.40 a barrel. WTI crude added 1.8% to $71.12 a barrel.
read more... 20/09/2018
Daily (03.09.2018): NBP spot price plummeted by 3.5%, due to an oversupplied system
Friday saw a bearish evolution in oil prices, as a sudden hike in stock and a continued trade war cast a pessimistic economic outlook over the fuel demand. Brent Crude price dropped by 0.5% to close at $77.42 a barrel, resulting in a 1.4% increase for the week. Meanwhile, WTI crude price gained 0.2% at $69.80 a barrel, due to a decline in Venezuela’s outputs.
read more... 03/09/2018