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Daily (01.08.2018): WTI crude fell by 2% on Tuesday, as OPEC’s output hit a peak in July
Oil prices fell on Tuesday, as a recent report indicated that OPEC’s production reached a 2018 peak in July. Brent crude dipped by 1% to $74.25 a barrel. WTI Crude lost 2% to end at $68.76 barrel.
read more... 01/08/2018
Daily (20.07.2018): Carbon prices jumped by 2.7% on Thursday due to strong auction
Brent crude decreased by 0.4% to end at $72.58 a barrel on Thursday, due to a strong dollar, higher U.S. crude output and an unpredicted rise in the production of the Organization of the Petroleum Exporting Countries and Russia. On the other side, WTI crude hiked by 1% to $69.46 a barrel, after Saudi Arabia's OPEC governor declared the kingdom's crude exports will decline by around 100,000 barrels per day in August.
read more... 20/07/2018
Saudi Arabia to boost oil production to record high
OPEC leader Saudi Arabia is set to increase oil production to a record 10.8 million barrels per day (bpd) in July, Bloomberg reports.
read more... 27/06/2018
Daily (26.06.2018): German spot power price rose by more than 100% on Monday, due to high demand and low wind generation
After OPEC’s resolution to raise output by one million barrels per day, oil prices dropped on Monday. Brent crude edged 1.1% lower at $74.73 a barrel. Simultaneously, WTI crude was less bearish, settling 0.7% down at $68.08 a barrel, due to a temporary decline in U.S. drilling activity and a Canadian supply outage.
read more... 26/06/2018
Daily (25.06.2018): OPEC’s decision to moderately increase oil production led to a hike in crude prices on Friday
Oil prices jumped on Friday after OPEC settled on a moderate increase in production, below figures discussed ahead of the reunion held in Vienna. Brent crude soared by 3.4% to $75.55 a barrel. Moreover, lower output in Venezuela and Trump’s sanctions on Iran also boosted prices, with WTI crude closing 4.6$ higher at $68.58 a barrel.
read more... 25/06/2018