Latest news
Daily (06.12.2023): Oil prices hit 5-month lows on Tuesday as concerns over demand persisted
Oil prices continued to decline on Tuesday, with both Brent and WTI reaching a 5-month low. The market sentiment remains pessimistic about the demand recovery, despite efforts to curb the supply. Thus, Brent crude closed at $77.20 per barrel, while WTI crude stood at $72.32 per barrel.
read more... 06/12/2023
Daily (04.12.2023): Brent crude plummeted by 5% on Friday as OPEC production cuts failed to support oil prices
Oil prices posted sharp falls on Friday as the recent cuts in crude oil production announced by some Opec+ exporting countries were received with doubt by the oil market, failing to produce the expected impact. As a result, Brent crude tumbled by about 5% to settle at $78.88 per barrel, while WTI crude declined by 2.5% to end at $74.07 per barrel.
read more... 04/12/2023
Daily (01.12.2023): European carbon prices hit 13-month low amid renewed selling
Oil prices closed lower on Thursday despite OPEC+ members announcing additional production cuts. The market responded cautiously to the announcement, as several OPEC and allied nations pledged further reductions to enhance market stability and balance. Consequently, Brent crude edged 0.3% down at $82.83 per barrel, while WTI crude ended over 2% lower to settle slightly below $76 per barrel.
read more... 01/12/2023
Daily (30.11.2023): Gas prices tumbled on Wednesday, driven by falling demand and a well-supplied market
Oil prices increased by about 2% on Wednesday, driven by optimistic reports suggesting that the OPEC+ alliance is contemplating additional reductions in oil production. Consequently, Brent crude settled at $83.10 per barrel, while WTI crude ended at $77.86 per barrel.
read more... 30/11/2023
Daily (29.11.2023): Oil prices rebounded on Tuesday amid a tense and volatile market ahead of OPEC and its allies meeting
Oil prices experienced a rebound on Tuesday in a tense and volatile market, filled with numerous rumors ahead of the meeting of the OPEC and its allies on Thursday. As a result, Brent crude settled at $81.68 per barrel, while WTI crude stood at $76.41 per barrel, both contracts increasing by over 2% day-on-day.
read more... 29/11/2023