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Daily: British gas prices shed on a glut in the transmission system
Crude oil declined about 1 percent on Monday, with WTI crude closing within a range of a fresh 6-1/2-year low on Japan declarations that its economy contracted in the second quarter and China’s downturn continued to weigh on sentiment.
read more... 18/08/2015
EU raises anti-dumping duties on Chinese solar glass imports
The European Union had considerably increased anti-dumping duties on imports of solar glass from China, stating that products were still being sold at unfairly low prices, threatening European manufacturers.
read more... 17/08/2015
Daily: German year-ahead power prices decline tracking bearish energy markets
Crude oil prices traded higher on Wednesday as dollar devaluation and weaker U.S. crude inventories provided a slight increase from six-year lows hit in the previous session, while concerns about China’s depreciating currency and economic downturn deflated prices . WTI crude futures rose 22 cents, or 0.5 percent, to close at $43.30 a barrel, after gaining almost 80 cents at the session high. The market lost $1.88, or more than 4 percent, on Tuesday, closing at $43.08 a barrel, its lowest since March 2009. Futures of Brent edged 48 cents up, or 1 percent, to touch $49.66 a barrel, after a session peak at $50.01.
read more... 13/08/2015
Daily: European prompt power prices slashed by lower temperatures forecasts
U.S. crude plunged at a more than six-year low on Tuesday after China's currency depreciation intensified worries about oil demand in the No. 2 consumer and a new OPEC estimate showed non-member producers are likely to keep output high despite weak prices.
read more... 12/08/2015
Daily: Crude oil prices continue to decline below $45 a barrel on oversupply
Crude oil futures prolonged their decrease on Thursday as a continuous global oversupply, a dollar appreciation and worries about China’s economy continued to impact the market. Brent crude declined 7 cents, or 0.1%, to settle at $49.52 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures lost 49 cents, or 1.1%, to close at $44.66 a barrel, its weakest settlement price since March.
read more... 07/08/2015