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Daily (11.03.2019): German spot power price plummeted by nearly 70% due to strong renewables output
Crude oil prices fell on Friday, weighed by downbeat U.S. job growth data. The bearish equity markets, influenced by ECB’s announcement about the continued weakness of the European economy coupled with lower Chinese exports and imports data, put more pressure on prices. Brent crude ended 0.8% down at $65.74 a barrel, while WTI futures dropped by 1% to $56.07 a barrel.
read more... 11/03/2019
Daily (5.03.2019): Year-ahead power delivery prices in Germany surged by 1.4% on Monday, due to stronger coal and carbon markets
Crude oil prices soared on Monday on hopes that United States and China could reach an agreement to end their trade war. Brent crude rose by 0.9% to 65.67 USD/bbl, while WTI futures climbed by 1.4% to 56.59 USD/bbl.
read more... 05/03/2019
Daily (01.03.2019): EU carbon prices topped €22 a tonne on Thursday, rising for the fifth consecutive day
Brent crude price reversed trend, turning bearish on Thursday, influenced by lower factory output reported by the two Asia’s biggest economies – China and Japan. The record level of U.S. crude stockpiles also weighed on prices. On top of that, the lack of a deal after the two-day summit between U.S. president Trump and North Korean leader Kim Jong Un left the financial markets under pressure. Brent crude edged 0.5% down at $66.03 a barrel. Nevertheless, OPEC-led supply cuts and last week’s decline in crude U.S. crude imports to a two-decade low supported WTI crude price, which inched 0.5% up at $57.22 a barrel.
read more... 01/03/2019
RockRose Energy buys Marathon Oil UK assets in £107m deal
RockRose Energy has signed a share purchase agreement to buy Marathon Oil UK’s (MOUK) assets as part of a deal worth £107 million.
read more... 26/02/2019
Daily (21.02.2019): Oil prices hit new peaks on Wednesday, due to OPEC-supply cuts and US sanctions against Iran and Venezuela
Oil prices firmed on Wednesday, supported by output cuts from OPEC, U.S. sanctions against Iran and Venezuela, as well as strong equity markets. However, the sluggish global economic outlook could further weigh on prices. As a result, Brent crude climbed by 1% to 67.08 USD/bbl, while WTI futures rose by 1.9% to 57.16 USD/bbl.
read more... 21/02/2019