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Daily (27.07.2017): UK wholesale gas prices jumped by 5.37% on Wednesday
Oil prices continued to rose on Wednesday. The U.S. crude stockpiles fell sharply last week as refineries boosted output. Nigerian output slipped this week as leaks forced Shell to shut oil exporting pipeline. long-awaited oil market rebalancing is underway. Venezuela, an OPEC member, faces deepening economic woes and protests, the US plans to impose financial sanctions to halt dollar payments for the Venezuelan oil. Brent edged up by 1.53% to $50.97 a barrel, while WTI price jumped by 1.8% to close at $48.75 a barrel.
read more... 27/07/2017
Daily (26.07.2017): Oil prices soared by 3.3% on Tuesday on oil production cuts
Oil prices continued to rose on Tuesday. At St. Petersburg’s meeting on Monday, the OPEC and non-OPEC producers discussed extending their deal to cut output beyond March 2018 if necessary. Saudi Arabia proposed to limit exports from next month and Nigeria voluntarily agreed to join the deal. Brent crude soared by 3.3% to $50.20 a barrel, while WTI price climbed by 3.34% to close at $47.89 a barrel.
read more... 26/07/2017
Daily (21.07.2017): EU carbon prices decreased by 1.5% on Thursday, but still at a 3 month-high
Oil prices dropped on Thursday on rising output from the U.S., Libya and Nigeria before the meeting of major oil producers, expected to be held in Russia on Monday. Brent crude tumbled by 0.8% to end at $49.30 a barrel, while WTI price declined by 0.42% to close at $46.92 a barrel.
read more... 21/07/2017
Daily (11.07.2017): British NBP spot price declined by 2.8% on Monday
Oil rose modestly on Monday, lifted by a healthy demand expected in the coming weeks. However, increased drilling activity in the US and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook. Brent crude rose by 0.36% to end at $46.88 a barrel, while the WTI price increased by 0.38% to $44.40 a barrel.
read more... 11/07/2017
Daily (23.06.2017): Oil prices jumped by around 1% on Thursday after a volatile week
Oil edged up on Thursday, as U.S. crude inventories fell surpassing analyst expectations, according to data released by EIA on Wednesday. But oversupply persisted, particularly with rising oil production in Libya and Nigeria.
read more... 23/06/2017