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Daily: British prompt gas prices jump on undersupplied gas system
Crude oil prices ended lower on Tuesday on profit taking after a two-day hike, then rebounded in post-settlement trade after figures indicated a bigger-than-expected draw in U.S. crude inventories. Brent crude futures for August delivery eased 3 cents to settle at $50.62 a barrel. In post-settlement, it climbed to as high as $51.10, encouraged by the crude draw reported by API. U.S. crude futures' expiring July front-month contract ended down 52 cents, or 1 percent, to close at $48.85 a barrel. The August contract, which will be front month from Wednesday, declined 11 cents at $49.85 and increased to $50.40 in post-settlement.
read more... 22/06/2016
China could get a quarter of electricity from wind power by 2030, study says
China could affordably meet over one-quarter of its electricity from wind power by 2030 and the figure could increase to nearly a third with the improved grid flexibility, according to a new study.
read more... 21/06/2016
Russia might vend Rosneft stake to India, China
Russian government might vend 19.5 percent stake in Rosneft to India and China, as stated in a report by Bloomberg.
read more... 21/06/2016
Spain’s Repsol deals with $5.5 billion claim from Chinese company
Spanish oil company Repsol has announced it deals with a $5.5 billion (£3.74bn) arbitration claim from a Chinese state-controlled firm.
read more... 21/06/2016
Daily: Crude oil hikes 3 percent as Brexit fears ease
Crude oil prices rallied 3 percent on Monday, increasing for a second consecutive day, after an opinion poll showing lower possibility of Britain to exit the European Union, while U.S. gasoline hiked 5 percent in anticipation of peak summer spurring demand. Brent contract for August delivery rose $1.48, or 3 percent, to settle at $50.65 a barrel. U.S. crude's West Texas Intermediate (WTI) futures climbed $1.39, or 2.9 percent, to close at $49.37 a barrel for the July front-month. The WTI contract for August delivery, the new front-month contract from Wednesday, rose by 3 percent to end at $49.96.
read more... 21/06/2016