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Daily (26.03.2019): NBP spot down by 2.5% on Monday due to stronger Norwegian flows
Oil prices had a mixed evolution on Monday, amid concerns over a potential decline in crude supply ahead of the weekly U.S. inventories data. WTI futures traded 0.4 % down at 58.82 USD/bbl. In the meantime, the Brent crude price edged 0.3% up at 67.21 USD/bbl, supported by steady OPEC’s production cuts and an improved German business climate index which eased the prospect of a recession in Europe's biggest economy.
read more... 26/03/2019
Daily (25.03.2019): European power prices on the curve fell by around 0.8% on Friday amid a bearish energy complex
Weaker oil demand, the unhurried U.S.-China trade talks and last week’s dismal German and U.S. manufacturing data which revived concerns over a sluggish global economic growth weighed on oil prices on Friday. A stronger dollar put more pressure on prices. Brent crude traded 1.2% down at 67.03 USD/bbl, while WTI futures dropped by 1.6 % to 59.04 USD/bbl.
read more... 25/03/2019
Russia remains China’s largest crude oil source for 3rd year
China's dependence on imported crude oil has climbed to about 70 percent with Russia remaining the country's largest supplier for three consecutive years from 2016 to 2018, said an industry report.
read more... 25/03/2019
Daily (22.03.2019): NBP spot gas price dropped by almost 2% on Thursday, on robust supplies and milder weather
Crude oil prices slipped on Thursday, on weaker global demand and trade worries. However, losses were limited due to reduced global stocks, OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. Brent oil dipped by 0.9% to $67.86 a barrel, while WTI futures edged 0.4% lower at $59.98 a barrel.
read more... 22/03/2019
Daily (21.03.2019): A sharp drop in crude inventories led to a 2% rise in WTI crude on Wednesday
Oil prices soared on Wednesday buoyed by U.S. government data that showed a sharp drop in crude inventories due to strong export and increasing refining demand. As such, Brent crude rose by 1.3% to $68.50 a barrel, while WTI futures traded 2% higher at $60.23 a barrel. Still, gains could be limited by concerns on the ongoing U.S.-China trade war and its effects on global demand.
read more... 21/03/2019