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Daily (13.11.2018): NBP spot gas price added almost 8% on Monday, due to stronger demand

Oil prices edged lower on Monday, following OPEC’s reaction to add more supply in order to cover potential losses of Iranian barrels, after sanctions against crude exports from the Islamic Republic were re-imposed on November 4. Brent crude was almost flat at $70.12 a barrel, while WTI crude lost 0.4% to $59.93 a barrel.

read more... 13/11/2018

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Saudi Arabia, Russia discussing possible oil-production cuts

Saudi Arabia's energy minister said Sunday that the kingdom will reduce exports by about 500,000 barrels a day from November to December. Khalid al-Falih made the comment at a meeting of oil producers in Abu Dhabi.

read more... 12/11/2018

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Asia overtakes Europe as Russian Rosneft's main export market

Russian oil major Rosneft is sending half its oil production to Asia

read more... 09/11/2018

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Daily (06.11.2018): NBP spot dropped by over 3% on Monday, due to warm weather and weaker demand

After 5 consecutive days of declines, oil prices edged slightly higher on Monday, as sanctions against Iranian exports were imposed, except for a few countries which have been allowed to continue crude procurement from the Islamic nation. Brent crude rose 0.5% to $73.17a barrel, but gains were limited by US-China trade tensions. WTI crude was almost unchanged at $63.10 a barrel.

read more... 06/11/2018

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Daily (29.10.2018): The German spot power price slumped by almost 18% on Friday, due to stronger wind generation

Friday saw an upward trend in oil prices, as looming Washington’s sanctions over Iranian crude exports will likely lead to a reduction in the market supplies. Accordingly, Brent crude ended 1% higher at $77.62 a barrel. Meanwhile, WTI crude gained only 0.4% to 67.59 a barrel.

read more... 29/10/2018

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