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Daily (29.08.2018): WTI crude fell on Tuesday, following a rise in U.S. inventories
Oil crude futures were bearish on Tuesday, due to a rise in U.S. supply, but losses were limited by declining exports from Iran ahead of U.S. sanctions. Brent crude fell 0.3% to settle at $75.95 a barrel. WTI crude edged 0.5% lower at $68.53 a barrel.
read more... 29/08/2018
Germany’s Wintershall to invest €2bn on Norwegian Continental Shelf fields
German crude oil and natural gas producer Wintershall revealed its intentions to invest about €2bn in exploration and development activities on its offshore Norwegian fields from 2017 to 2020.
read more... 29/08/2018
Daily (28.08.2018): Europe power prices on the curve hit new peaks on Monday, following bullish carbon markets
Worries that ongoing trade tensions between China and U.S. would lead to a demand reduction, boosted oil prices on Monday. Nevertheless, a rise in OPEC's and Russian output put a cap on prices. Brent crude oil edged 0.5% higher to settle at $76.21 a barrel. WTI crude closed at $68.87 a barrel, or 0.2% higher.
read more... 28/08/2018
Daily (27.08.2018): The 2021-expiry carbon contract hit another 10-year peak at 22.18 euros a tonne on Friday
Oil prices rose on Friday, on signs that Iran sanctions might weigh on global supply, while China's demand for U.S. crude doesn't seem to be affected by trade disputes. Brent crude surged by $1.09, or 1.5%, to settle at $75.82 a barrel. Meanwhile, U.S. crude closed $0.89, or 1.3%, higher at $68.72.
read more... 27/08/2018
Daily (24.08.2018): UK NBP spot price jumped by 2.1% on Thursday, due to an undersupplied system
Oil prices were stable on Thursday, as previous gains due to a larger-than-expected draw in inventories were counterbalanced by growing outputs in the U.S., Russia and Saudi Arabia. Moreover, escalating trade disputes between US and China weighed on demand. Brent crude price edged slightly lower at $74.73 a barrel, while WTI crude price was almost steady at $67.83 a barrel.
read more... 24/08/2018