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Daily (24.04.2019): The energy complex returned to pre-Easter holidays levels on Tuesday due to firmer demand
Oil prices continued their upward trend on Tuesday, as sanction waivers on Iranian oil imports will stop on May 1. However, U.S. officials consider that increasing U.S. crude production along with supplies from supportive Saudi Arabia and United Arab Emirates are enough to cover global demand. As a result, Brent crude traded 0.6% higher at $74.51 a barrel, while WTI futures rose by 1.1% to $66.30 a barrel.
read more... 24/04/2019
Daily (23.04.2019): Oil prices surged by 2.9% on Monday after U.S. commitment to cancel waivers on Iranian crude imports
Crude oil prices jumped to a 2019 high on Monday, on prospects of a tighter supply raised by U.S. commitment to end all sanction waivers as of May 1 for the eight countries that import Iranian oil. Ongoing U.S. sanctions against Iran and Venezuela, as well as OPEC’s production cuts also supported prices. Brent crude soared by 2.9% to $74.04 a barrel, while WTI futures surged by 2.4% to $65.55 a barrel.
read more... 23/04/2019
Daily (19.04.2019): NBP spot tumbled by 7.5% on Thursday due to weaker demand ahead of Easter holidays
The prospects of a tighter supply due to reduced crude exports from Saudi Arabia coupled with lower oil inventories and fewer active rigs in the U.S. led to a rise in crude oil prices on Thursday. A stronger dollar lent more support to prices. As a result, Brent crude traded 0.5% higher at $71.97 a barrel. In the meantime, WTI futures gained 0.4% to close at $64.00 a barrel.
read more... 19/04/2019
Daily (18.04.2019): EU carbon prices climbed by 1.7% on Wednesday, amidst tighter supply and bullish gas prices
Crude oil prices edged lower on Wednesday, as EIA announced that U.S. crude stocks fell less than anticipated. Meanwhile, OPEC supply cuts and U.S sanctions limited losses. As a result. Brent crude slipped by 0.1% to $71.62 a barrel, while WTI futures traded 0.5% lower at $63.76 a barrel.
read more... 18/04/2019
Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals
Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply. Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.
read more... 17/04/2019