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Daily (01.09.2017): European carbon prices dropped by 1.3% on Tuesday, below €6 level
Oil prices rose slightly on Thursday, contrary to the expectations of the OPEC, as oil traders focused more on Hurricane Harvey’s hit on oil demand than the impact of supply disruptions. For some veteran OPEC officials, Hurricane Harvey’s impact on global oil markets was quite strange, as the storm has led to some of the biggest disruptions to U.S. energy infrastructure, but failed to boost strongly the crude prices. Brent crude ended $1.52, or almost 3% up at $52.38, while the WTI price grew by 2.76% at $47.23 a barrel.
read more... 01/09/2017
Daily (14.08.2017): British wholesale gas prices rose on Friday due to an unplanned outage
Oil prices increased on Friday, following the IEA’s report which stated that crude oil stockpiles were now below 2016 levels. The agency also raised its 2017 demand growth forecast in its previous monthly report and declared it expected demand to be further expanded next year. Despite the strong demand, markets remain well-supplied thanks to strong output. Brent rose by almost 0.4% to close at $52.10 a barrel, while WTI price rose by around 0.5% to end at $48.82 a barrel.
read more... 14/08/2017
What is the Difference Between Fixed & Flexible Energy Procurement?
Energy markets can be extremely volatile and susceptible to unpredictable price spikes, therefore keeping energy expenditure on the radar becomes vital.
read more... 02/08/2017
Daily (28.07.2017): Brent prices soared to 2-month high on Thursday - $51.49 a barrel
Oil prices continued to rise on Thursday with support from a huge slide in U.S. crude inventories. Kuwait, UAE and Saudi Arabia, fellow members of the OPEC, have also promised export cuts. U.S. fuel exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the profit margins of U.S. refiners. Also, Europe's major energy firms are turning a corner after a 3-year slump, Royal Dutch Shell, France's Total and Norway's Statoil reported sharp rises in cash flow from second quarter operations. Brent crude jumped by 1% to $51.49 a barrel, while WTI price jumped by 0.8% to close at $48.75 a barrel.
read more... 28/07/2017
Daily (19.07.2017): Oil prices jumped by 0.8% on Tuesday supported by strong demand from China
Oil prices jumped on Tuesday, supported by strong demand from China. Nevertheless, many markets are well supplied and oil for prompt delivery is trading at heavy discounts to forward futures, consequently crude oil prices remain under pressure and trading volumes are quite low. Brent crude edged up by almost 0.9% to close at $48.84 a barrel, while WTI price rose by 0.83% to end at $46.40 a barrel.
read more... 19/07/2017