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Daily (21.03.2017): European spot power prices skyrocket over 50% on stronger demand, tight supply
Crude oil prices lost ground on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to be worried about increasing U.S. oil output and high inventories.
read more... 21/03/2017
Daily (20.03.2017): European year-ahead power prices diverge on lower carbon, stronger coal prices
Crude oil prices were mainly flat on Friday, posting minor gains for the week, but speculators considerably cut long positions on worries that an OPEC production reduction was failing to slash a global supply glut.
read more... 20/03/2017
Daily (17.03.2017): German spot power down 17% on anticipated increase in wind power
Crude oil prices retreated on Thursday despite a support from weaker dollar, being pressured by U.S. crude stockpiles near record high levels, intensifying concerns if OPEC-led output cuts will be able to reduce a global glut.
read more... 17/03/2017
Daily (16.03.2017): Oil prices record the first rebound in a week as U.S. stocks retreat
Crude oil prices rebounded for the first time in more than a week on Wednesday on an unexpected decline in U.S crude stockpiles and figures from the International Energy Agency (IEA) showing that OPEC cuts could trigger a crude deficit in the first half of 2017.
read more... 16/03/2017
Daily (15.03.2017): Crude oil plunges to 3-month low on Saudi Arabia output rise
Crude oil prices fell on Tuesday after OPEC unveiled an increase in global crude stockpiles and an unexpected output rise from its biggest member, Saudi Arabia, eroding nearly all gains since OPEC announced output reductions in November.
read more... 15/03/2017