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Daily (20.02.2019): The German spot power price jumped by over 10% influenced by weaker wind power production
After hitting 2019 highs, oil prices calmed on Tuesday, as concerns about global crude oil demand, and uncertainty around U.S.-China trade talks, counterbalanced OPEC’s supply cuts and U.S. sanctions on Venezuela and Iran. Brent crude settled 0.1% lower at 66.45 USD/bbl, whereas WTI futures inched up by 0.1% to 56.09 USD/bbl.
read more... 20/02/2019
Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US
Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.
read more... 20/02/2019
Daily (19.02.2019): EU carbon prices declined by 2% on Monday, tracking bearish gas markets
Supply cuts led by the OPEC and Russia have boosted oil prices on Monday. However, gains were limited by the announcement of weak car sales data in China. Brent crude edged 0.4% higher at 66.50 USD/bbl, whereas WTI futures rose by 0.9% to 56.06 USD/bbl
read more... 19/02/2019
Daily (18.02.2019): WTI crude soared on Friday by 2.2% buoyed by U.S. sanctions on Venezuela and Iran
Oil prices soared on Friday, buoyed by U.S. sanctions against Venezuela and Iran. At the same time, OPEC-led supply cuts also supported prices. Brent crude settled 2.6% higher at 66.25 USD/bbl, or the highest value this year. At the same time, WTI crude climbed by 2.2% to 55.59 USD/bbl.
read more... 18/02/2019
Daily (15.02.2019): EU carbon prices slumped by around 6% to hit again a 2-month low on Thursday
Oil prices surged on Thursday, backed by OPEC-led supply cuts and expectations for a potential end to the U.S.-China trade talks. Brent oil extended a three-day winning streak, posting a 1.5% daily gain to settle at $64.57 a barrel. WTI crude rose less, by nearly 1% to $54.41 a barrel, as gains were limited by the lowest U.S. retail spending data since 2009 which raised worries over slower global economic growth.
read more... 15/02/2019