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Daily: Brent crude trades higher on uncertainty about Libya port restart
Brent crude oil increased in the oscillating trading ahead of the January futures contract expiration on Monday, gaining support from uncertainty if oil ports in eastern Libya will resume exports. Meanwhile, U.S. crude futures dropped on Friday on expectations the Federal Reserve could announce a withdrawal of its bond-buying program as early as next week.
read more... 16/12/2013
Daily: European coal continued to skyrocket on record imports in Germany
Brent crude oil futures declined by more than $1 on Thursday as traders expected a jump in Libyan oil supply and expectations increase that the U.S Federal Reserve would soon start to unroll its stimulus program, which has backed commodity prices.
read more... 13/12/2013
Turkey could increase its share in TANAP project
Turkey has demanded to Azerbaijan to increase its share in Trans-Anatolian gas pipeline (TANAP), the head of Azerbaijan's state energy company SOCAR, Rovnag Abdullayev, said this week at a conference. Currently Turkey owns a 20% share in the project, while the rest of the shares belong to SOCAR of Azerbaijan.
read more... 12/12/2013
France pledges to restrict EDF utility hikes in 2015-18
France wants to restrict state-controlled utility EDF's regulated electricity tariff increases between 2% and 3% per year or less per year over the period 2015-2018, which would see a new calculation method to take effect, said an official source in the Elysée Palace.
read more... 12/12/2013
Daily: German spot power up on colder weather, while French contract tumbles
Brent crude oil boosted on supply worries as traders were doubtful that Libyan oil exports would resume, while U.S. crude dropped after government data showed a big increase in refined oil products, showing a sluggish oil demand. Brent crude oil boosted 32 cents to settle at $109.70 a barrel, after reaching a session low of $108.62. U.S. crude futures for January delivery eased $1.07 to $97.44.
read more... 12/12/2013