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Daily (10.05.2022): Oil prices slumped by about 6% on Monday amid flagging demand due to Covid lockdown in China
Oil prices dropped sharply on Monday as the ongoing coronavirus lockdowns in China increased concerns about the demand outlook. Hence, Brent crude fell by $6.45, or 5.7%, to settle at $105.94 a barrel. U.S. WTI crude slumped by $6.68, or 6.1%, to settle at $103.09 a barrel.
read more... 10/05/2022
China freezes out 12.8GW of overseas coal projects
Despite progress, 19.2GW of coal projects remain in a grey area of China’s “no new coal overseas” policy and could still go ahead, according to analysis from energy think tank CREA.
read more... 09/05/2022
Daily (04.05.2022): Oil prices remained bearish on Tuesday as Europe mulls an Russian embargo
Oil prices extended losses on Tuesday amid concerns about China's capacity to keep its economy on track and maintain the substantial oil imports. Consequently, Brent crude fell by 2.4% to $104.97 a barrel, while WTI crude oil decreased by 2.6% to $102.41 a barrel.
read more... 04/05/2022
Daily (03.05.2022): European carbon prices decreased by 1.7% on Monday as compliance interest wane
Crude oil prices diverged on Monday, with Brent crude declining by 1.6% at $107.58 a barrel as concerns of slowing economic growth in China outweighed fears of a potential supply cut from a looming EU-wide ban on Russian oil. In contrast, US WTI crude futures rose by 0.5% to settle at $105.17 a barrel, tracking the rally in the diesel market.
read more... 03/05/2022
Daily (02.05.2022): NBP gas prices slumped on Friday due to reduced concerns over Russian gas supply
Oil prices varied on Friday, on worries about weak economic growth in China, the world's top oil importer as well as fears of potential supply in case of a potential European Union ban on Russian crude.
read more... 02/05/2022