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Daily: European power prices increased due to low temperatures
Oil prices have seen yesterday a slight decrease due to a stronger dollar, while crude futures registered a fourth straight monthly gain on the investors thought that the global surplus insignificantly reduced. Brent crude futures for July was down 7 cents settling at $49.69 a barrel, meanwhile U.S. crude futures dropped by 23 cents, attaining $49.10 a barrel.
read more... 01/06/2016
Daily: Brent nears $50 a barrel ahead of OPEC producer meeting
Crude oil prices rose toward $50 a barrel on Monday, although uncertainty ahead of an OPEC producer-meeting later in the week was expected to curb gains. Brent crude futures boosted 44 cents to settle at $49.76 a barrel, reversing losses from earlier in the day. There was no settlement in U.S. West Texas Intermediate crude futures because of the U.S. Memorial Day holiday, but at 18:39 GMT, WTI edged 27 cents up at $49.60.
read more... 31/05/2016
Oil and gas sector anticipates an increase of the M&A by 50%
The global oil and gas industry anticipates mergers and acquisitions (M&A) to raise by 50% year-on-year.
read more... 31/05/2016
China's CNPC might think about increasing Rosneft stake
China National Petroleum Corporation (CNPC) could think about raising its stake in Russian state oil company Rosneft during a scheduled privatisation program, as stated by its chairman on Monday.
read more... 31/05/2016
Daily: European spot electricity prices ease on robust renewable production in Germany and France
Crude oil prices declined for a second consecutive day on Friday as some investors took profit on a hike to seven-month highs while others concerned about robust production with market hovering close to $50 a barrel. Brent crude eased 27 cents, or 0.5 percent, to settle at $49.32 a barrel. It climbed to $50.51 in the previous session, its highest level since early November. U.S. crude shed 15 cents, or 0.3 percent, to close at $49.33. It reached an October high of $50.21 on Thursday. On the week, Brent posted a 1 percent increase and U.S. crude about 3 percent, spurred by gains from earlier this week.
read more... 30/05/2016