Latest news

Daily: French prompt power prices jump on nuclear power plants outages

Crude oil prices diverged on Wednesday, with Brent crude increasing and WTI declining on Wednesday in agitating trading as both contracts slashed losses on uncertain outlook for interest rates by the Federal Reserve. Brent crude for August delivery boosted 17 cents to close at $63.87, having oscillating from $62.60 to $65.47 and ending back below its 50-day moving average of $64.16. U.S. crude for July delivery decreased by 5 cents to settle at $59.92, having fluctuated from $58.85 to $61.38.

read more... 18/06/2015


Daily: British natural gas prices climb on colder weather, nuclear outage

Crude oil prices rallied to a new 2015 peak on Wednesday following the first drawdown in U.S. crude stockpiles since January and dollar depreciation. Brent crude touched a 2015 peak of $69.63 before turning negative at one point. It rose by 25 cents to settle at $67.77. U.S. crude futures jumped more than $2 to hit the year's high of $62.58 a barrel, before ending just 53 cents higher at $60.93.

read more... 07/05/2015


Europe to sketch out energy crisis emergency plans

The European Union is working on contingency plans to make member states better equipped for any kind of energy supply outages, as stated by Europe's energy and climate chief on Thursday.

read more... 17/04/2015


Gassco annuls Oseberg field outage, resumes Vesterled flows

An earlier announced unexpected outage at Norway's offshore Oseberg field was annulled, leading to a restart of gas flows on the Vesterled pipeline, as stated by the gas system operator Gassco on Thursday.

read more... 19/03/2015


Daily: British prompt gas prices ease as Ukraine political risk lessens

Crude oil increased considerably on Friday, with Brent and U.S futures registered their first monthly gains since June, spurred by growing demand forecasts and supply outages. Brent crude boosted $2.53 to close at $62.58 a barrel, with its February’s 18 percent gain the largest monthly percentage increase since May 2009. WTI crude increased $1.59 to settle at $49.76, posting a 3.1 percent February gain.

read more... 02/03/2015