Latest news
Daily (04.10.2022): Oil prices increased on Monday as OPEC discussed cutting production
Oil prices increased on Monday as OPEC+ discussed cutting production by more than 1 million barrels per day (bpd) to support prices. If implemented, this would be the group's largest drop since the COVID-19 pandemic's beginning. Thus, Brent crude settled 1% higher at $88.86 a barrel on Monday. WTI crude rose by 5.2% to $83.63 per barrel.
read more... 04/10/2022
Daily (03.10.2022): EUAs posted their smallest weekly movement in three months on Friday
The chance that OPEC+ will decide to cut supply of crude oil when it meets on October 5 contributed to a weekly rise in oil prices. Nevertheless, Brent crude fell by 0.6% to $87.96 a barrel on Friday, while WTI crude traded 2.1% lower to close at $79.49, on continued worries about global economic recession and low demand.
read more... 03/10/2022
.png)
Daily (28.09.2022): Natural gas prices soared on Tuesday due to leaks on the Nordstream pipeline and supply concerns
Oil prices increased on Tuesday, as Opec and its partners Opec+ may cut production to stabilize the market. Consequently, Brent crude soared by 2.6% to $86.27 a barrel, and WTI oil raised by 2.3% to $78.50 a barrel.
read more... 28/09/2022
.jpg)
OPEC sticks to upbeat view on oil demand growth in 2022, 2023
OPEC on Tuesday stuck to its forecasts for robust global oil demand growth in 2022 and 2023 citing signs that major economies were faring better than expected despite headwinds such as surging inflation.
read more... 14/09/2022
Daily (06.09.2022): EUAs fell to a new six-month low on Monday as traders speculated on EU measures to cap energy prices
Oil prices increased on Monday as OPEC+ members agreed to a modest production cut of 100,000 barrels per day to support prices. Thus, Brent crude oil settled 2.9% higher at $95.74. WTI crude rose by 2.8% to end at $89.24.
read more... 06/09/2022