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Daily (01.04.2021): Carbon EUAs rose by 1% on Wednesday amid a record number of market participants
Oil prices were bearish on Wednesday ahead of the next OPEC+ summit. Meanwhile, the market seemed to ignore the EIA’s weekly report showing a decline in US crude reserves. As a result, Brent oil ended 1% down at $63.54 a barrel and WTI crude dropped by 2.3% to $59.16 a barrel.
read more... 01/04/2021
Daily (31.03.2021): Oil prices pulled back by over 1% on Tuesday as Suez Canal opened, focus shifts to OPEC+ meeting
Crude oil prices retreated on Tuesday amid a stronger dollar and as ships resumed moving through the Suez Canal, with traders turning their attention to a meeting of the OPEC+ later this week. Hence, Brent crude declined by 84 cents, or 1.3%, to settle at $64.14 a barrel. Meanwhile, U.S. WTI crude fell by $1.01, or 1.6%, to settle at $60.55 a barrel.
read more... 31/03/2021
Daily (30.03.2021): Oil prices continued to add ground on Monday amid suggestions that OPEC+ may extend output cuts to May
Oil prices rose slightly on Monday, neglecting traffic resumption through Suez Canal, with investors mostly watching the next ministerial summit of OPEC+ countries later in the week. Additionally, reports that Russia would support a rollover of oil output curbs to May contributed to strength in oil prices. Hence, Brent crude rose by 0.6% to settle at $64.98 a barrel. At the same time, U.S. WTI crude increased by 1% to end at $61.56 a barrel.
read more... 30/03/2021
Iraq, Total agree to work jointly on associated gas, solar power projects
Iraq and French oil major Total agreed to jointly work on developing four associated gas and solar power projects, the country's oil ministry said March 29, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 30/03/2021
Iraq, Total mull joint work on associated gas, solar power projects
Iraq and French oil major Total are in talks to jointly work on developing associated gas and solar power projects, the country's oil minister said March 17, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 18/03/2021