Latest news
Daily (10.01.2017): British gas prices rise on cold snap forecasts
Oil prices sank by around 4% on Monday on concerns that record Iraqi crude exports and rising U.S. production would undermine OPEC's efforts to lessen global oversupply. In Iraq, OPEC's second major producer, oil exports from the southern Basra ports hit a record high of 3.51 million barrels per day (bpd) in December, according to the oil ministry.
read more... 10/01/2017
Daily (06.01.2017): Oil settles higher as Saudi production cuts counterbalance U.S. products build
Oil prices rose on Thursday in an up-and-down session, boosted by news that Saudi Arabia had limited production to meet OPEC's pact after data have shown a significant rise in U.S. gasoline and distillate inventories.
read more... 06/01/2017
Daily (05.01.2017): German spot electricity contract surges 85% on cold snap, decrease in wind supply
Crude oil prices rebounded about 2 percent on Wednesday on expectations that U.S. crude stockpiles will decline and on signs that the world's top oil exporters will cut the output as agreed, move that took effect this week. Global benchmark Brent crude futures boosted 99 cents, or 1.8 percent, to close at $56.46 a barrel. U.S. West Texas Intermediate crude futures rose by 93 cents to settle at $53.26 a barrel, also a 1.8 percent gain.
read more... 05/01/2017
Daily (04.01.2017): Oil plunges 2% pressured by U.S. dollar rally
Crude oil prices declined over 2 percent on the first trading day of 2017, reversing the 18-month highs attained in early trade as the U.S. dollar surged to its highest level since 2002 and traders took profits.
read more... 04/01/2017
Daily (03.01.2017): Brent posts a 52% annual increase
Crude oil prices ended with modest losses in the final trading session of 2016 on Friday, but posted the largest annual gain since 2009 after the landmark deal reached by OPEC and several non-OPEC members to slash output.
read more... 03/01/2017