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Daily: Spot French power contract rallies on extended number of outages at EDF’s nuclear plants
Crude oil prices ended down more than 1 percent on Thursday as investors remained skeptical about whether OPEC will cap its production. U.S. crude lost 68 cents, or 1.5 percent, to settle at $44.66 per barrel. At one moment, oil had declined more than $1 a barrel and hit a session low of $44.37. Brent crude eased 51 cents, or 1.1 percent, to end at $46.35 a barrel. It reached a session low of 45.99.
read more... 04/11/2016
Daily: French spot power contract up 51% due to nuclear outages
Crude oil prices ended down on Monday, dragged down by oversupply worries, with a rally in trade volume leading U.S. prices below $50, but losses were capped as U.S. shale oil production was expected to fall. Brent crude declined 43 cents, or 0.8 percent day-on-day to close at $51.52 per barrel, after hitting a session low of $51.16 a barrel. U.S. West Texas Intermediate (WTI) settled at $49.94 per barrel, down 41 cents, or 0.8 percent, after reaching a session low of $49.47.
read more... 18/10/2016
EDF will test 12 nuclear reactors in carbon investigation
French state-controlled utility EDF declared on Wednesday it would accomplish more tests on 12 nuclear reactors during their scheduled outages in the future months, which might affect the length of the outage period for several of the reactors.
read more... 29/09/2016
Daily: Crude oil ends down hit by oversupply fear, gasoline rally
Crude oil prices lost up to 2% on Friday to hit multi-week lows after Iran, the third-biggest OPEC producer, raised crude exports to over 2 million barrels per day (bpd) in August, intensifying fears about a global glut, while gasoline increased on refinery and pipeline outages. Bearish U.S. equity markets and rising dollar also had an impact on crude futures and other commodities denominated in the greenback. Brent crude futures declined 82 cents, or 1.8%, to settle at $45.77 a barrel, reaching a two-week low of $45.48. U.S. West Texas Intermediate crude futures fell 88 cents, or 2%, to close at $43.03 a barrel. WTI hit a five-week bottom of $42.74. For the week, Brent lost 5%, while WTI lost 6%.
read more... 19/09/2016
Daily: British spot gas prices up, spurred by outages, firmer oil prices
Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016