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Daiy (12.10.2022): Oil prices declined amid worsening global economic outlook
Oil prices had a bearish evolution on Tuesday, as a result of a worsening prognosis for global economic outlook due to the conflict in Ukraine. Consequently, Brent crude tumbled by 1.9% to $94.29 a barrel, and WTI oil dipped by 1.9% to $89.35 a barrel.
read more... 12/10/2022
Daily (15.09.2022): EUAs increased on Wednesday as Brussels unveiled plans to reform the energy market
Oil prices increased on Wednesday as global energy analysts forecasted a rise in gas-to-oil change due to to high prices this winter despite the weaker demand outlook. Thus, Brent crude settled 1% higher at $94.10 a barrel, while WTI crude rose by 1.3% to end at $88.48.
read more... 15/09/2022
Daily (17.08.2022): Brent crude slipped towards $92 a barrel for the first time since 18 February amid weak economic data
Crude oil prices continued to lose ground, to hit their lowest level since before Russia's invasion of Ukraine, mainly due to a combination of a worsening demand outlook and the prospect of Iran pumping more oil. Hence, Brent crude fell by $2.76, or 2.9%, to settle at $92.34 a barrel. WTI crude shed by $2.88, or 3.2%, to settle at $86.53 a barrel.
read more... 17/08/2022
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IEA raises global oil demand outlook on fuel switching
The International Energy Agency has modestly raised its global demand outlook for this year due to a surge in oil use for power generation and gas-to-oil switching in the wake of soaring European natural gas prices.
read more... 12/08/2022
Daily (02.08.2022): Crude oil prices fell sharply on Monday as sluggish manufacturing data weighed on the demand outlook
Crude oil prices fell sharply on Monday as sluggish manufacturing data in several countries weighed on the demand outlook. Hence, Brent crude dropped by 9.1%, to settle at $100.03 a barrel, while WTI crude decreased by 4.8% to $93.89 per barrel.
read more... 02/08/2022