Latest news
Daily (11.12.2019): UK month-ahead gas price down around 2% due to a potential Kiev-Moscow new gas transit deal
Crude oil prices finished higher on Tuesday, getting a boost after OPEC and its allies decided to deepen oil production cuts by 500,000 bpd, but gains were kept in check as U.S.-China war still puts pressure on demand. Brent crude rose by 9 cents, or 0.1% to settle at $64.34 a barrel on ICE Futures Europe.. WTI crude increased by 22 cents, or 0.4% to close at $59.24 a barrel on NYMEX.
read more... 11/12/2019
Daily (10.12.2019): German spot electricity price soars 61% on Monday on lower wind output
Crude oil prices lost ground on Monday as exports from China shrank for a fourth straight month, escalating concerns about U.S.-China trade war over the global economy. Brent crude eased 14 cents, or 0.2%, to settle at $64.25 per barrel, after a gain of about 3% last week on news that OPEC+ would deepen output cuts. WTI crude oil lost 18 cents, or 0.3% to close at $59.02 a barrel on NYMEX.
read more... 10/12/2019
Daily (09.12.2019): Brent posts a 3.1% weekly gain following OPEC decision to reduce output target
Crude oil prices soared on Friday as OPEC+ agreed in Vienna to extend output cuts by 500,000 barrels per day in early 2020. Consequently, Brent crude rallied by $1, or 1.6%, to settle at $64.39. It recorded a weekly hike of 3.1%. U.S. WTI crude rose by 77 cents, or 1.3%, to $59.20 per barrel. For the week, WTI jumped 7.3%, after a 4% rise reached on Wednesday after data indicated sharp declines in U.S. crude inventories.
read more... 09/12/2019
Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output
Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.
read more... 06/12/2019
Daily (05.12.2019): Oil prices skyrocketed about 4% on Wednesday ahead of the OPEC meeting
Crude oil prices skyrocketed on Wednesday, buoyed by hopes of deeper production cuts from OPEC and its allies and following a larger-than-expected drop in U.S. stockpiles. Brent crude soared by 3.6% to settle at $63 a barrel. WTI crude gained 4.2%, closing at $58.43 a barrel. It was its third straight day of gains, and its best day since September.
read more... 05/12/2019