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Daily (14.02.2019): Oil prices climbed by 1.8% on Wednesday, as Saudi Arabia plans to reduce crude exports and production
Oil prices were bullish on Wednesday, after Saudi Arabia announced its plans to reduce crude exports and production. At the same time, rising U.S. crude inventories might still put pressure on the market. As a result, Brent crude increased by 1.9% to 63.61 USD/bbl. WTI crude rose by 1.5% to 53.90 USD/bbl.
read more... 14/02/2019
Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low
Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.
read more... 13/02/2019
Daily (11.02.2019): German spot power prices plummeted by nearly 84% on Friday due to lower demand and rising wind output
Oil prices rose on Friday, due to the modest support from the news that specific trade issues might be resolved between U.S. and China by March 1. Brent oil climbed by 0.8% to $62.10 a barrel. At the same time, WTI crude edged 0.2% up at $52.72 a barrel.
read more... 11/02/2019
Kazakhstan achieves biggest oil extraction in its history
Kazakhstan achieved the biggest oil production in its history during 2018, with 90 million tons, governmental sources said on February 8. In 2017, crude oil output amounted to 86.2 million tons.
read more... 11/02/2019
Daily (08.02.2019): WTI crude tumbled by 2.5% on Thursday, due to rising U.S. crude production and inventories
Oil prices retreated on Thursday, amidst rising U.S. crude inventories and upbeat production levels. However, Washington sanctions against Venezuela and OPEC supply cuts supported the markets. As a result, Brent crude dipped by 1.7% to 61.63 USD/bbl, while WTI crude plunged by 2.5% to 52.64 USD/bbl.
read more... 08/02/2019