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U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal
The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday.
read more... 25/06/2018
Daily (22.06.2018): Brent crude slumped by 2.3% on Thursday on expectations for higher supply
Brent crude dropped by 2.3% to $73.05 a barrel on Thursday, right before the OPEC meeting which is aimed at raising oil output. The news about a higher-than-expected stockpile draw in the U.S. put pressure on WTI crude price, which settled 0.3% lower at $65.54 a barrel.
read more... 22/06/2018
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China Set To Cut U.S. Oil Imports As Trade War Heats Up
Chinese oil customers plan to reduce their intake of U.S. crude oil from September onwards to avoid a possible import tariff on American oil in China, due to the uncertain outcome of the current trade tensions, Reuters reported on Thursday, citing Chinese industry sources
read more... 22/06/2018
Daily (21.06.2018): European power spot prices tumbled on Wednesday due to increased wind generation
Brent crude edged 0.5% lower to $74.74 a barrel on Wednesday, as Iran announced about the possibility to slightly raise the output. Moreover, Saudi Arabia is planning to return 500,000-600,000 barrels to the market.
read more... 21/06/2018
Daily (20.06.2018): NBP day-ahead gas price plummeted by 3.3% on Tuesday due to an oversupplied system
OPEC and Russia are likely to decide this week whether to increase their oil output, having a bearish effect on crude prices on Tuesday. Brent crude slipped by 0.4% to $75.08 a barrel, while WTI crude plummeted by around 1.2% to settle at $65.07 a barrel.
read more... 20/06/2018