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Thursday, 19 January 08:55 (GMT -05:00)



Stock and commodities markets

Clean Energy Gets Popular, IEA Reports


In 2015, the amount of energy produced the “green” way outnumbered the amount of energy produced from fossil fuels in terms of growth for the first time in history. This is confirmed by the recent report released by the International Energy Agency (IEA).
 

 

 

 

In particular, the IEA’s report was dedicated to the prospects of the so-called “green” or “clean” energy generated out of renewable energy sources. Last year, the amount of clean energy increased by as much as 153GW. This is 55% of the entire energy capacity growth over the reporting period. This means that the amount of new energy facilities generating clean energy outperformed those generating energy from fossil fuels for the first time in history.
 
The green energy gainers are mostly wind mills and solar power stations. They backed 66GW and 46GW respectively.
 

 

The global energy market, including the market of crude oil, is transforming under the influence of clean energy. At the same time, the “center of gravity” in the sector of clean energy is shifting towards emerging economies. The report also says that throughout 2015, 500 000 solar panels were installed every day around the globe. The experts predict that by 2021, the share of clean energy will have reached 42% of the entire amount of energy consumed around the world.

 

 

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Text: Денис Мягкий
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Economic Calendar by Dukascopy 18.01.2017

Thursday brings the latest ECB statement, so let's take a closer look with the Economic Calendar.
Swiss Producer Price Index for December is up first at 8:15 AM. The Index has been growing for the past 3 months.
The closely watched ECB Monetary Policy Statement is out at 12:45 PM GMT, and make sure you tune in for the press conference 45 minutes later. President Draghi is sure to face plenty of questions about the latest developments which could cause some volatility in the markets.

Publication date: 18 January 10:10 AM

Economic Calendar by Dukascopy 17.01.2017

Tuesday brings the latest update on UK inflation, so keep watching this Economic Calendar to find out more.
In fact, the highly anticipated British December CPI is the first item on the schedule, and it's released at 9:30 AM. The annual inflation picked up speed in November, rising to a 2 year high.

Publication date: 17 January 09:42 AM

Economic Calendar by Dukascopy 16.01.2017

It's time for another Dukascopy Economic Calendar. Here's a rundown of the most important news releases scheduled for Monday, the 16th of January.

US markets will be closed for the Martin Luther King day, and the first item on the schedule comes one minute past midnight when the UK Rightmove House Price Index for January is released.

Publication date: 16 January 06:00 AM

In 2017, Oil Market May See Both Deficit and Oversupply

The contemporary global market of crude oil may well go from oversupply to seeing a deficit in 2017. This is what several respected experts working for the International Energy Agency thing on the matter. For starters, this scenario need a major trigger in the form of signing the promised oil production cap agreement reached verbally by OPEC members in late September in Algeria.

 

 
Publication date: 17 November 05:35 PM

Oil Prices Get Ready For Another Plunge

Crude oil and the Russian Ruble have found themselves at 3-month lows. There are several reasons for that.  In particular, OPEC is reported to be producing record-high amounts of crude oil despite the recent verbal agreement to cap and even cut their production in the near future.
 
Publication date: 16 November 09:01 AM

Kudrin Says Oil Will Cost Under $30/b Over the Next 20 Years

Former Russian Minister of Finance Mikhail Kudrin says that crude oil is going to see the period of ultra-low prices over the next 20 years. One of the most influential and respected Russian financiers specifies that crude oil is not going to cost more than $30 per barrel in the future.
 
Publication date: 14 October 05:11 AM

OPEC's Oil Production Saw Record Highs In September 2016

According to the recent research conducted by Bloomberg, OPEC’s oil production reached a new high in September 2016. To be more specific, OPEC is reported to have been producing 33,75 million barrels a day over the reporting period.
 
The record high production of crude oil within the scope of cartel has to do with considerable production growth seen in Libya and Nigeria over the reporting period. For those of you who don’t know, the similar data taken for the previous month report 33,24 barrels a day, which means that OPEC’s oil production increased by as much as 170 thousand barrels a day in a matter of 4 weeks.
Publication date: 07 October 11:34 AM

OPEC Cuts Oil Production, Oil Prices Go Up

Despite all the skepticism around yesterday’s unofficial OPEC summit, the members of the cartel did finally manage to agree on production cuts for the benefit of higher oil prices as well as a more stable and stronger market of crude oil. Apparently, the breaking news instantly sent oil prices higher all around the globe.

 

 
Publication date: 29 September 04:30 AM

Samsung Loses $22 Billion of Market Cap in 2 Days

Samsung, the world-famous manufacturer of computer electronics from South Korea, saw its market capitalization shrink by as much as over 22 billion dollars in a matter of just 2 trading days. This happened amid a scandal with the new smartphone named Samsung Galaxy Note 7, Masterforex-V Academy reports.

Publication date: 13 September 05:29 AM

OPEC Wants Higher Oil Prices

According to the Algerian Minister of Oil, the oil prices around $50/b are unacceptable. During his visit to Iran. The minister told that oil prices should be at least between $50 and $60 per barrel. This statement was made during the discussion of the existing situation in the global market of crude oil as well as the ways and means to coordinate OPEC’s efforts to make the prices go higher, Market Leader reports.

Publication date: 08 September 12:40 PM