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Daily (27.07.2017): UK wholesale gas prices jumped by 5.37% on Wednesday
Oil prices continued to rose on Wednesday. The U.S. crude stockpiles fell sharply last week as refineries boosted output. Nigerian output slipped this week as leaks forced Shell to shut oil exporting pipeline. long-awaited oil market rebalancing is underway. Venezuela, an OPEC member, faces deepening economic woes and protests, the US plans to impose financial sanctions to halt dollar payments for the Venezuelan oil. Brent edged up by 1.53% to $50.97 a barrel, while WTI price jumped by 1.8% to close at $48.75 a barrel.
read more... 27/07/2017
Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up
Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.
read more... 14/07/2017
Daily (13.07.2017): EU carbon prices by rose 2.7% on Wednesday
Oil jumped again on Wednesday supported by declining U.S. fuel inventories and a cut in the U.S. government's forecast for crude output. The drop in U.S. crude stocks confirmed that the market rebalancing is under way. Brent crude rose by 0.46% settling at $47.74 a barrel, while the WTI price increased by 1% to $45.49 a barrel.
read more... 13/07/2017
Daily (02.06.2017): British wholesale gas prices fell on Thursday, on lower demand
Oil prices increased on Thursday after a larger-than-expected domestic inventory drawdown, offering some relief amid investor uncertainty that OPEC-led reductions will be sufficient to rebalance an oversupplied market. Brent crude rose by 32 cents, or 0.64%, to settle at $50.63. Meanwhile, U.S. crude futures closed cents higher at $48.36 a barrel.
read more... 02/06/2017
Daily (10.05.2017): European carbon prices jumped by over 2%
Oil prices declined, influenced by worries over reducing demand, a rising US dollar and a higher US crude production that has shaken investors' faith in the ability of OPEC to rebalance the market.
read more... 10/05/2017