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Daily: British spot gas prices decline on warmer weather, Rough outage
Oil prices tumbled for a second day on Tuesday, receding further from the year's highs reached the previous week, as increasing production renewed worries about the global glut of crude, the U.S. dollar recovered and equity markets weakened. Brent crude futures eased 86 cents, or 1.9 percent, to settle at $44.97 a barrel. U.S. crude's West Texas Intermediate (WTI) futures declined $1.13, or 2.5 percent, to close at $43.65.
read more... 04/05/2016
Daily: Oil losses 3 percent on OPEC production rally, record speculative buying in Brent
Crude oil prices declined about 3 percent on Monday as the output from the Organization of the Petroleum Exporting Countries approached all-time highs and record speculative buying in international benchmark Brent triggered profit-taking on last month's considerable hike. Brent crude for July delivery lost $1.54, or 3.3 percent, to settle at $45.83 per barrel, touching a session low at $45.72. WTI fell $1.14 cents, or 2.5 percent, to close at $44.78 a barrel, after attaining an intraday low at $44.54.
read more... 03/05/2016
EDF, Edison, Gas Natural and Centrica interested in acquiring a large share in Eni's retail gas and power business
European giant utilities French EDF’s, Italian unit Edison, Spain's Gas Natural and Britain's Centrica are interested in acquiring a share in Italian oil major Eni's retail gas and power business, a deal that could cost up to $3.4 billion.
read more... 29/04/2016
Daily: Crude oil prices rebounds 2% despite oversupply
Crude oil prices rose by 2 percent on Thursday, reaching 2016 highs for a third consecutive day as a weaker dollar had ignored robust U.S. crude stockpiles and relentless pumping by major producers. Brent increased by 96 cents at $48.14 a barrel, after attaining a 2016 high of $48.19. WTI crude ended up 70 cents at $46.03, after a year-to-date peak at $46.14.
read more... 29/04/2016
Daily: European year-ahead power prices trade higher tracking fresh 2016 highs for oil
Crude oil climbed by about 3 percent on Wednesday, reaching fresh highs for 2016 as the dollar depreciated after the Federal Reserve unveiled it would leave U.S. interest rates unchanged. Front-month Brent rose by $1.44, to settle at $47.18, having touched a 2016 high of $47.45 earlier. WTI's front-month contract increased $1.29, percent, to close at $45.33 a barrel, after attaining a 2016 high at $45.62.
read more... 28/04/2016