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Daily (22.11.2021): Oil prices declined on Friday, pressured by fears of renewed lockdowns in Europe
Crude oil prices retreated on Friday, as the reintroduction of lockdown measures in several European countries raised concerns over demand for black gold. Thus, Brent oil fell by 2.9% to $78.89 a barrel and WTI crude tumbled by 3.9% to $75.94 a barrel.
read more... 22/11/2021
Global greenhouse gases ‘hit the highest point ever in 2020’
Lockdowns and slower economic activity did not succeed in limiting the total concentration of gases in the Earth’s atmosphere, a global review has found
read more... 27/08/2021
Daily (09.06.2021): Crude oil prices hit multi-year highs on Tuesday amid barriers to the revival of Iran's nuclear deal
Oil prices continued the steady upturn to settle at multi-year highs on Tuesday after the U.S. asserted that the return of the Iranian crude supply would not happen soon even if the United States were to reach a nuclear deal with Iran. The visible global recovery following the coronavirus, with lockdown restrictions loosened in most countries, added to the upside. Hence, Brent crude increased by 15 to settle at $ 72.22 a barrel. U.S. WTI crude rose by 1.2% to $70.05 a barrel.
read more... 09/06/2021
Daily (01.06.2021): Brent crude nears $70 a barrel as demand outlook improves
Oil prices gained ground on Monday, with Brent crude for August delivery rising by 0.5% at $69.32 a barrel amid growing demand expectations for the rest of the year, as lockdown measures are gradually withdrawn in large parts of the western world. Meanwhile, U.S. WTI crude increased by 0.9% at 66.90 a barrel. British gas contracts did not trade on Monday due to the Spring bank holiday.
read more... 01/06/2021
Daily (23.04.2021): Front-year European power prices at multi-year record highs as carbon topped 47 EUR/t on Thursday
Oil prices saw a neutral session on Thursday, but optimism about oil demand recovery amid easing European lockdowns offset a growing number of Covid-19 cases in major consumers such as India. Hence, Brent crude ended rather flat at $65.40 a barrel. Meanwhile, U.S. WTI crude steadied at $61.43 a barrel.
read more... 23/04/2021