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Russian oil production jumps to post-Soviet high
Russia is ramping up crude oil output after OPEC and other countries agreed to ease production curbs. In September, Russia produced a record amount of oil in its modern history.
read more... 03/10/2018
Daily (02.10.2018): French spot power prices hiked by 10.4% on Monday, on lower nuclear and wind power generation
Oil crude prices continued to surge on Monday due to increased worries about global supply after U.S. sanctions targeting Iran’s oil exports will come into effect early next month, with about 1.5 million barrels per day of Iranian oil expected to disappear. Brent crude price, the international benchmark, gained additional 2.7% to trade at $82.98 a barrel. WTI crude was up by 2.8% at $75.30 a barrel.
read more... 02/10/2018
Daily (01.10.2018): Brent oil jumped to a four-year high on Friday anticipating Iran sanctions
Oil prices earned more than $1 a barrel on Friday, reaching a new four-year high, as U.S. sanctions against Iranian exports tightened global supply. Even if other main exporters such as Saudi Arabia pumped more oil, Brent crude edged 1.2% higher at $82.72 a barrel. Meanwhile, WTI crude surged by 1.6% to $73.25 a barrel, supported by a report on a stagnant rig count in the U.S.
read more... 01/10/2018
Daily (28.09.2018): Oil prices recovered on Thursday on worries over global supply
Oil crude prices rose on Thursday, supported by forecasts for a decline in global supply once U.S. sanctions against Iran will become effective in just five weeks. Moreover, the OPEC and Russia seem unlikely to comply with Trump's demands to rise production. Brent crude gained 0.5% trading at $81.72 a barrel. WTI crude was up by 0.8% at $72.12 a barrel.
read more... 28/09/2018
Daily (27.09.2018): NBP gas contracts lost around 3% on Wednesday, due to warmer weather and an oversupplied system
Oil crude prices lost momentum on Wednesday after U.S. data revealed higher-than-expected domestic crude inventories. Moreover, the U.S. officials promised investors that the oil market will not experience supply shortages and Trump has once again urged OPEC to pump more oil in his speech at the United Nations on Tuesday. Nevertheless, a substantial drop in Iranian exports kept Brent price above $80. U.S. West Texas Intermediate (WTI) crude futures plunged by 1% down, or 71 cents, to settle at $71.57 a barrel. Meanwhile, Brent crude edged 0.7% down at $81.34 a barrel.
read more... 27/09/2018