Latest news
Daily (16.11.2017): British wholesale gas prices dropped due to an oversupplied market
Oil prices fell for the fourth consecutive session on Wednesday after the U.S. government announced an unpredicted increase in crude and gasoline stockpiles.
read more... 16/11/2017
Daily (06.09.2017): EU carbon prices jumped almost 10% to their peak of 2017
U.S. oil prices rose on Tuesday and gasoline declined as the gradual relaunch of refineries in the Gulf of Mexico that were closed by Hurricane Harvey increased demand for crude and reduced worries of a fuel supply crunch.
read more... 06/09/2017
Daily (29.08.2017): Gasoline prices boosted by Hurricane Harvey, but crude oil prices lower
Oil prices fell on Monday as diminished oil supply was offset by the refinery shutdowns due to Hurricane Harvey. Traders expect refineries demanding less oil as they take weeks to come back on line. Brent crude, on the other hand, stayed stronger as the U.S. will demand product from Europe as well as due to some shut down of Libyan oil production over the weekend. Brent crude closed 1% down at $51.89, while WTI price lost 2.71% to end at $46.57 a barrel.
read more... 29/08/2017
Daily (17.08.2017): Oil prices fell more than 1% on Wednesday amid gasoline inventories decline
Oil prices were volatile on Wednesday, even though U.S. crude inventories dropped for a 7-th consecutive week to their lowest level since January 2016, according to latest EIA data. However, gasoline inventories did not decline as expected, and the data also showed that U.S. domestic crude output rose adding to global oversupply. On the demand side, analysts see a gradual slowdown in fuel consumption growth.
read more... 17/08/2017
Daily (07.08.2017): Oil prices rose 0.8% on Friday on strong U.S. gasoline demand
Oil prices were bullish on Friday as strong summer demand for transport fuel has buoyed benchmark contracts. U.S. gasoline demand rose to a record 9.842 million bpd last week, according to government data published. Brent crude jumped by 0.79% to close at $52.36 a barrel, while WTI price rose by almost 0.9% to close at $49.59 a barrel.
read more... 07/08/2017