Latest news
Russia’s Oil Production Nears Record High
Russia’s oil production in August was virtually flat compared to July as Moscow kept output at near post-Soviet record, after having reversed most of its production cuts under the OPEC+ deal the previous month.
read more... 04/09/2018
Daily (28.08.2018): Europe power prices on the curve hit new peaks on Monday, following bullish carbon markets
Worries that ongoing trade tensions between China and U.S. would lead to a demand reduction, boosted oil prices on Monday. Nevertheless, a rise in OPEC's and Russian output put a cap on prices. Brent crude oil edged 0.5% higher to settle at $76.21 a barrel. WTI crude closed at $68.87 a barrel, or 0.2% higher.
read more... 28/08/2018
Daily (07.08.2018): Brent crude rose by 0.7% on Monday as OPEC data showed lack of supply
Oil crude prices hiked on Monday, due to sharp decline in Saudi crude outputs following the OPEC report. As concerns about the global oil supplies increased, Brent crude gained 0.7% to reach $73.75 a barrel. At the same time, WTI crude rose by 0.8% to $69.01 a barrel.
read more... 07/08/2018
Daily (03.08.2018): WTI crude increased by almost 2% on Thursday due to Cushing storage decline
Oil prices rose on Thursday, as the OPEC oversupplied stocks returned to normal state and Cushing inventories are down at the lowest level since 2014. Brent crude gained 1.5% to reach $73.45 a barrel. WTI crude increased by 1.9% to $68.96 a barrel.
read more... 03/08/2018
Daily (02.08.2018): Brent crude plummeted by 2.5% on Wednesday, as OPEC stocks reached maximum capacity
Oil prices diminished severely on Wednesday, following a report that OPEC’s stockpiles reached full capacity due to ample supplies during the month. WTI crude slipped by 1.6% to close at $67.66 a barrel.
read more... 02/08/2018