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Daily: Oil price increases after third unexpected weekly U.S. crude draw
Oil prices increased around 3 percent on Wednesday following a third unexpected weekly decline in U.S. crude stockpiles which boosted the demand outlook in the world's biggest oil consumer. The prices were encouraged as well by a weak dollar after the Federal Reserve left U.S. interest rates unchanged.
read more... 22/09/2016
Daily: British gas prices tumble as gas imports recover
Crude oil evolved differently on Tuesday, with WTI recovering from six-week lows on anticipated demand for crude after Colonial Pipeline Co is likely to restart its main gasoline line by Wednesday. The American Petroleum Institute reported a 7.5-million-barrel draw in U.S. crude oil supplies on Tuesday, instead of the increase that many expected. Brent crude for November delivery lost 7 cents to settle at $45.88 a barrel after the release of the API report. U.S. WTI crude for October delivery rose 14 cents to close at $43.44.
read more... 21/09/2016
China solar panel excess destabilizes EU-China agreement
A sharp rise in solar power production in China and a sharp drop in domestic demand have caused an unexpected surge of cut-price exports, undermining a China-EU accord to reduce damage to European producers.
read more... 16/09/2016
Italy: Eni extends in Singapore to seize Asia oil and gas demand
Italy's Eni intends to enlarge its trading office in Singapore since it vends more of its increasing oil and liquefied natural gas production to Asia to satisfy the region's intensifying import necessities, as stated by company officials this week.
read more... 09/09/2016
Daily: Oil hits fourth-consecutive day of gains, European power prices gain ground on firmer demand, tight nuclear
Crude oil futures settled higher on Tuesday, with prices posting a fourth consecutive session gain, spurred by U.S. dollar weakness in a context of revived talks to limit production next month. September West Texas Intermediate crude rose 84 cents, or 1.8%, to settle at $46.58 a barrel on the New York Mercantile Exchange. October Brent crude on London’s ICE Futures exchange increased 88 cents, or 1.8%, to settle at $49.23 a barrel. WTI and Brent both rallied at their highest levels in more than a month.
read more... 17/08/2016