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Daily (11.09.2024): UK gas prices fell sharply on Tuesday amid easing geopolitical tensions
Crude oil prices continued to hover near their lowest levels in over two years, losing around 4%, pressured by OPEC's downward revision of the global demand outlook. Brent crude dropped to $69.19 per barrel, while WTI crude settled at $65.75 per barrel.
read more... 11/09/2024
OPEC+ produces 437,000 b/d above quota in first month of compensation cuts
OPEC+ crude production in July made its biggest jump in almost a year, as Iraq and Kazakhstan raised their output despite committing to deeper cuts, while Russia also remained well over its quota.
read more... 09/08/2024
Daily (02.08.2024) Oil prices fell by about 2% on Thursday after OPEC reaffirmed their commitment to maintaining current output levels
Oil prices declined on Thursday as OPEC and its allies confirmed they would maintain their oil output levels. Consequently, Brent crude fell by 1.5%, closing at $79.52 a barrel, while WTI crude decreased by 2%, settling at $76.31 a barrel.
read more... 02/08/2024
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Daily (19.07.2024): European spot electricity prices dropped on Thursday following a surge in wind power
Oil prices rose on Thursday, influenced by OPEC's optimistic outlook for a market turnaround despite a bleak outlook for China. Thus, Brent crude gained 0.4%, closing at $85.45 a barrel. WTI crude increased by 0.7%, settling at $83.45 a barrel.
read more... 19/07/2024
OPEC sticks to 2024 oil demand view, sees strong travel season
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024, predicting robust fuel use in the summer months.
read more... 10/07/2024