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Daily: European spot power prices diverge on weaker French nuclear, stronger German wind output
Crude oil futures boosted on Tuesday on evidence of declining oil production in North Dakota, depreciation of dollar and turmoil in the Middle East, especially in Yemen. Brent crude firmed by 50 cents to settle at $58.43 a barrel, ahead of Wednesday's May contract expiration, closing just above its $58.40 100-day moving average. WTI crude for May delivery climbed $1.38 to close at $53.29, soaring above its 100-day moving average of $52.96.
read more... 15/04/2015
Daily: British spot gas prices soar on supply shortfalls from Norway
Crude oil prices boosted on Thursday on optimistic German economic figures and continued uncertainty about an agreement on Iran’s nuclear program, despite a stronger dollar which slashed crude oil’s hike. Brent crude for May delivery increased by $1.02 to settle at $56.57 a barrel, having hit $58.02. U.S. crude for May delivery rebounded 37 cents to close at $50.79, after reaching $52.07. WTI crude's Tuesday close traded near $54, the highest level December 30.
read more... 10/04/2015
Workers start three-day strike at Areva's Somair mine in Niger
Workers at French nuclear conglomerate Areva's Somair mine in Niger started a three-day strike on Tuesday over what they declared was the group's failure to pay bonuses, as stated by a union representative.
read more... 08/04/2015
Daily: Crude oil rebounds on alleviated concerns about Iran, modest U.S. stockpiles rise
Crude oil prices recovered considerable on Monday, up more than 5 percent as traders reevaluated how fast Iran could ramp up exports after a preliminary nuclear deal and estimated that months-hike in U.S. crude stockpiles may be at a slow path. Oil broadened gains after industry intelligence group Genscape unveiled that inventories at Cushing, Oklahoma posted the lowest increase since November last week.
read more... 07/04/2015
Daily: Crude oil prices down near 4% amid speculations on ongoing talks over Tehran nuclear program
Brent crude oil declined nearly 4 percent on Thursday on speculations that a preliminary deal between Iran and global powers on Tehran’s nuclear program could be signed, adding more crude to an already oversupplied global market. North Sea Brent crude futures decreased $2.15, or 3.8 percent, to settle at $54.95 a barrel, almost $1 above the session low. WTI crude futures declined 95 cents, or 2 percent, to close at $49.14 a barrel, after slipping nearly $2 earlier.
read more... 03/04/2015