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Daily: European spot, forward prices post a weak trend as demand falls
Crude oil prices declined 4 percent on Wednesday, with WTI crude closing below the key $40 per barrel threshold after sixth consecutive week of record highs in inventories that could cut the market's two-month long hike. U.S. crude futures eased $1.66, or 4 percent, to settle at $39.79 a barrel. It was the largest one-day decline for the front-month contract in U.S. crude since February 11, when prices plunged to a 12-year low of $26.05. Brent crude futures lost $1.32, or 3.2 percent, to trade at $40.47 a barrel.
read more... 24/03/2016
Daily: Crude oil prices hit the highest level in 2016 amid output freeze hopes
Crude oil prices soared to 2016 highs on Thursday, with WTI crude increasing 5 percent to break the $40 threshold, on optimism that top producers will reach an output freeze deal next month amid boosting crude exports and gasoline demand in the United States. On Thursday, the front-month in U.S. crude's West Texas Intermediate (WTI) futures rose $1.74, or 4.5 percent, to settle at $40.20, after attaining a 2016 high of $40.26. Brent crude's front-month increased $1.21 to close at $41.54, after earlier attaining the year's high of $41.60.
read more... 18/03/2016
German Nordex posted bigger-than-expected sales in 2015 amid strong demand
German wind turbine supplier Nordex SE registered higher-than-expected sales for 2015, spurred by robust demand for its wind turbines in its core market Europe.
read more... 26/02/2016
Daily: Crude oil prices soar on loading issues for UK crude, higher U.S. gasoline demand
Crude oil prices hiked as much as 3 percent on Wednesday, with Brent spurred by news of stalled loadings for the United Kingdom's North Sea oil due to technical issues, while U.S. crude futures boosted after robust demand for gasoline reduced worries about record high crude stockpiles. Brent, the global benchmark for crude, rose $1.14, or 3.4 percent, to settle at $34.41 a barrel. U.S. crude futures advanced 28 cents, or nearly 1 percent, to close at $32.15 after gasoline demand soared more than 5 percent over the past four weeks compared with a year ago, according to the government data.
read more... 25/02/2016
Daily: European spot power prices climb on increasing consumption amid cold weather spell
Oil prices lost 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi reiterated that the kingdom will maintain output levels as the demand would capable to absorb the crude glut. Crude oil prolonged losses after settlement when an U.S. industry trade group API said domestic crude inventories escalated more than twice than expected by analysts. Benchmark Brent crude futures fell $1.42, or 4 percent, to settle at $33.27 a barrel, while U.S. crude futures declined $1.52, or 4.6 percent, to close at $31.87 a barrel.
read more... 24/02/2016