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Daily (13.06.2019): WTI futures lost 4% on Wednesday, due to rising crude inventories and weaker demand outlook

Crude oil prices tumbled on Wednesday, amid higher U.S. crude inventories and poorer demand outlook. US-China trade negotiation also weighed on prices. As a result, Brent crude plunged by 3.7% to $59.97 a barrel, while WTI futures lost 4% to settle at $51.14 a barrel.

read more... 13/06/2019

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Daily (12.06.2019): EU carbon prices dropped by almost 1% due to a weaker energy complex

Oil prices were flat on Tuesday, amid uncertainty regarding the agreement of Saudi Arabia and Russia to extend a crude output-cutting deal. Meanwhile, U.S.-China trade tensions continue to put pressure on demand for crude. As a result, Brent crude remained untraded at $62.29, while WTI futures edged 0.02% higher at $53.27 a barrel.

read more... 12/06/2019

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Daily (11.06.2019): NBP spot jumped by 7.2% on Monday, due to annual maintenance works in Norway

Crude oil prices fell on Monday as Russia and Saudi Arabia didn’t yet agree on extending an output cutting deal, while US-China trade negations are still far from a positive outcome. As a result, Brent crude dropped by 1.6.% to $62.29 a barrel on Friday, while WTI futures lost 1.4% to settle at $53.26 a barrel.

read more... 11/06/2019

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China and Russia sign general contract for two Xudabao units

The general contract for Russian-designed VVER-1200 reactors for units 3 & 4 of the Xudabao nuclear power plant in China's Liaoning province was signed yesterday in Moscow in the presence of the countries' heads of state.

read more... 07/06/2019

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Daily (06.06.2019): Crude oil prices fell by around 3% on Wednesday, due to higher inventories and low demand outlook

A surprise surge in the U.S. crude inventories put pressure on oil futures on Wednesday. Moreover, the outlook of a slowing global oil demand maintained by the ongoing U.S. trade differences with China and Mexico also weighed on prices. As a result, WTI futures dropped by 3.4% to $51.68 a barrel, while Brent crude lost 2.2% to close at $60.63 a barrel.

read more... 06/06/2019

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