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Daily: Crude oil plunges to three-week lows on intensifying Greek crisis, Iran nuclear deal
Crude oil futures touched 3-week lows on Monday as Greece closed its banks and imposed capital controls, triggering widespread risk aversion, while Iran was expected to extend nuclear negotiations with the West to export more of its oil into an already flooded market. Brent crude futures declined by $1.25, or almost 2 percent, to settle at $62.01 a barrel, its lowest level since June 5. U.S. crude eased $1.30, or 2.2 percent, to close at $58.33 a barrel, its weakest settlement since June 8.
read more... 30/06/2015
Daily: Crude oil closes flat, with Brent slightly up after two-day decline
Crude futures settled little changed on Friday after signs that Greece might reach a deal by the weekend to avert a Greek debt default, while Iran struggled to ink a nuclear agreement to halt sanctions on its oil exports. Brent posted a modest rise after declining for two consecutive days, while WTI crude prolonged its downward trend after indications that the country's oil rig count may start increasing soon. Brent crude boosted 6 cents, or 0.1 percent, to settle at $63.26 a barrel. U.S. crude eased 7 cents, or 0.1 percent, to close at $59.63.
read more... 29/06/2015
E.ON intends to close down two nuclear reactors at Oskarshamn power plant in Sweden
German energy group E.ON said Tuesday it envisages decommissioning two of three nuclear reactors at OKG Aktiebolag’s Oskarshamn power plant in Sweden, blaming low profitability.
read more... 24/06/2015
Daily: European prompt power prices tumble on stronger supply, nuclear reactor return
Crude oil prices curbed losses to close slightly higher on Monday as a short-covering ahead of the front-month contract expiration in U.S crude spurred the market weakened by concerns about increasing gasoline stockpiles. Initially, oil prices were also influenced by worries about the potential fallout from the Greek debt crisis, counterbalancing positive impact from a stockpile draw at the Cushing, Oklahoma. Brent crude rose by 32 cents, or 0.5 percent, to settle at $63.34 a barrel, after easing almost $1 earlier. WTI crude boosted 7 cents, or 0.1 percent, to close at $59.68 a barrel, as its front-month July contract expired.
read more... 23/06/2015
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