Latest news
Daily (30.03.2019): NBP spot tumbled by 21% on a weekly basis, as weak demand outweighed stimulus hopes
Crude oil prices extended losses on Friday, posting the fifth consecutive weekly decline, as governments’ financial stimulus to eliminate the coronavirus pandemic could not stop the decline in global demand. Brent crude dropped by 5.4% to $24.93 a barrel. WTI futures traded 4.8% down at $21.51 a barrel.
read more... 30/03/2020
COVID-19 Delays Construction of 299 MW Biomass Power Plant in UK
Construction on the Tees Renewable Energy Plant (Tees REP) a 299 megawatt (MW) biomass power plant in the U.K. was suspended on March 24 due to the COVID-19 pandemic. A small number of critical maintenance staff remain onsite. MGT, the owner and operator of Tees REP, did not indicate when construction on the facility might resume.
read more... 27/03/2020
Daily (26.03.2019): Carbon prices recovered by 4% on Wednesday, as U.S intends to launch a massive financial stimulus to support economy
Crude oil prices added slight ground on Wednesday, as the United States may vote on a $2 trillion stimulus package to support the economy due to the coronavirus pandemic. Brent crude traded 0.9% higher at $27.39 a barrel. In the same context, WTI futures rose by 2% to $24.49 a barrel.
read more... 26/03/2020
Daily (23.03.2020): Carbon prices dropped by over 26% on a weekly basis on Friday, due to increased coronavirus concerns
Crude oil futures extended losses on Friday, being on track for their biggest weekly decline in 12 years, on worries about the coronavirus pandemics that slowed down global economies and curbed oil demand. The failure of coordinated output cuts by producers from the OPEC and others including Russia, also put pressure on prices. Hence, Brent crude plunged by 5.2%, to settle at $26.98 a barrel. At the same time, WTI futures tumbled by 10.3% to $22.63 a barrel.
read more... 23/03/2020
Daily (20.03.2020): Oil prices regained ground on Thursday after significant declines, supported by stimulus measures
Crude oil futures rebounded on Thursday, buoyed by supportive measures from centrals banks and governments to combat the economic fallout from the coronavirus pandemic .Moreover, Trump administration reportedly said it may intervene in the oil-price war between Saudi Arabia and Russia. However, analysts consider the climb more symbolic, rather than a clear signal that prices are ready for a sustained rebound.
read more... 20/03/2020