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Daily: Spot electricity prices tumble on firmer renewables output
Crude oil prices ended down on Tuesday after a dollar increase offset optimism over planned OPEC output reduction before a report indicating another weekly decline in U.S. crude stocks pushed prices up toward four-month highs in the post-settlement trade. Brent crude lost 2 cents at $50.87 a barrel, after rising to $51.37 during the session, its highest level since June 10. U.S. WTI crude settled down 12 cents at $48.69, after hitting $49.13 earlier, the highest level since July 5.
read more... 05/10/2016
Daily: Brent breaks the $50 mark as Iran urges for non-OPEC support
Crude oil prices surged over 1 percent on Monday, with Brent ending the session above $50 a barrel for the first time since August and WTI crude reaching three-month highs after Iranian president urged for other oil producers to join OPEC in stabilizing the market. Brent crude rose by 70 cents, or 1.4 percent, to settle at $50.89 a barrel. It marked its first close above the key $50 mark since August 19. U.S. WTI crude settled up 57 cents, or 1.2 percent, to end at $48.81. Prior to settlement, it rallied to $49.02, its highest level since July 5.
read more... 04/10/2016
Azerbaijan to start gas deliveries to Balkan Gas Hub by 2020
Gas from Azerbaijan’s giant Shah Deniz 2 in the Caspian Sea will enter the Balkan Gas Hub in Bulgaria by 2020, as assured by Azerbaijan’s state oil company SOCAR.
read more... 03/10/2016
Daily: European forward power prices tumble on weaker oil, coal, carbon prices
Crude oil prices evolved differently on Friday, with WTI for November delivery gaining 41 cents to settle at $ 48.24 per barrel, two days after OPEC countries reached a consensus to limit oil production. However, North Sea Brent lost 18 cents to settle at $49.06 per barrel on the Intercontinental Exchange.
read more... 03/10/2016
Daily: Crude oil prices surge on OPEC agreement to limit output to tackle supply glut
Crude oil prices soared over 1 percent on Thursday on optimism over OPEC’s first scheduled output reduction in eight years, although oil paired gains as some analysts were skeptical that the production freeze would be enough to cope with the supply glut. Brent crude rose by 55 cents, or 1.1 percent, at $49.24 a barrel. It attained a three-week high at $49.81. U.S. West Texas Intermediate crude inched 78 cents up, or 1.7 percent, to settle at $47.83 after a one-month high at $48.32.
read more... 30/09/2016