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oil prices
-
Press Releases
Oil prices crash causes GB gas and power prices to go into freefall
Following the impacts of Covid-19 on global demand and oil price disputes between Russia and Saudi Arabia, Brent crude oil prices fell to a 17-year low of below $26/bl on 18 March 2020. The recent crash saw prices record the most significant daily loss since the end of the Gulf...
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Press Releases
Cornwall Insight comments on the effects of Coronavirus causing drop in oil price
Commenting on the effects of Coronavirus on the global oil price Joe Camish, Analyst at Cornwall Insight, said: “As a result of travel bans escalating and social restrictions imposed due to the Coronavirus worldwide, there has been a sharp fall in global oil demand. This has seen Brent crude oil...
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Press Releases
Oil price slump has the potential to lower energy bills
The price of crude oil has fallen by just over a third since last Thursday ($50/bl) following the apparent collapse of the production sharing deal between OPEC and Russia (OPEC+) due to an inability by the group to agree on a concerted response to the coronavirus outbreak. While there has...
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Press Releases
Middle East tensions have the potential to increase energy bills
The risk of direct military conflict between the US and Iran following missile strikes by US forces on Iranian General Qasem Soleimani in Baghdad on 3rd January has been reflected in the oil market, given the potential disruption to supplies from the region. Such volatility is set to reverberate across...
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Press Releases
Higher energy bills likely due to the Saudi oil attacks
Confirmation from the Saudi Arabian energy minister that drone strikes had reduced the country’s oil output by around half is set to resonate across the energy markets, raising the prospect of higher energy bills for customers. Early trading today has seen the price of oil increase from $60.22/bl to $71.95/bl...
