Latest news
Daily (29.10.2018): The German spot power price slumped by almost 18% on Friday, due to stronger wind generation
Friday saw an upward trend in oil prices, as looming Washington’s sanctions over Iranian crude exports will likely lead to a reduction in the market supplies. Accordingly, Brent crude ended 1% higher at $77.62 a barrel. Meanwhile, WTI crude gained only 0.4% to 67.59 a barrel.
read more... 29/10/2018
Daily (26.10.2018): German day-ahead electricity price surged by around 20% on Thursday, due to increased demand and lower wind generation
Oil contracts were bullish on Thursday, following the declaration of the minister of Saudi Arabia that major exporters would probably have to support crude markets. Brent crude rose by 1% to $76.89 a barrel. Meanwhile, WTI crude gained 0.8% to close at $67.33 a barrel.
read more... 26/10/2018
CEO: Rosneft has capacity to lift oil production by the end of 2018
Russia’s largest oil producer Rosneft has the capacity to increase its crude oil production by the end of 2018 and will have additional capacity available in 2019, chief executive Igor Sechin said on Thursday.
read more... 26/10/2018
Daily (25.10.2018): European carbon contracts gained 2% on Wednesday, rebounding from previous losses
The IEA forecasted slower growth in demand for the next year due to geopolitical risks and weaker economy, and thus, Brent crude price edged 0.4% lower at $76.17 a barrel. However, WTI crude price rose by 0.6% to $66.82 a barrel, as U.S. stocks posted the biggest daily decline since 2011.
read more... 25/10/2018
Daily (24.10.2018): Oil crude prices fell by over 4% on Tuesday, as OPEC’s main producer pledged to meet demand
Oil prices slumped on Tuesday, following Saudi Arabia promises to supply the market, as the U.S. sanctions over the Iranian exports will be implemented in less than 2 weeks. Brent crude price tumbled by 4.3% to $76.44 a barrel. Meanwhile, price for WTI crude decreased by 4.2% to $66.43 a barrel.
read more... 24/10/2018