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Daily: Crude oil prices decline towards $37 since weak outlook prevails
Crude oil futures reduced towards $37 per barrel on Wednesday since the market stayed under pressure because of decreasing demand and higher supplies, while predictions that a cold snap in Europe and the United States would be short-lived also influenced prices.
read more... 30/12/2015
Daily: Brent crude collapses to 11-year low on weaker demand for heating oil
Brent crude oil plunged to its lowest price in more than 11 years on Monday, as demand for heating oil declined on warmer-than-normal temperatures. Brent's premium over U.S. crude narrowed further after President Barack Obama passed a law on Friday that will lift a 40-year ban on U.S. crude oil exports. U.S. crude futures rose 1 cent to settle at $34.74 a barrel in the last day of trading on the January contract, before slipping slightly in post-settlement trading. Brent futures collapsed 53 cents to end at $36.35, drooping as much as 2 percent during the session to a low of $36.04, their weakest since July 2004.
read more... 22/12/2015
IEA: Global coal demand will decline
Global coal demand has slowed down after more than a decade of “aggressive” growth, that’s according to a report by the International Energy Agency (IEA) which anticipates global demand for coal will be reduced by over 500 million tonnes by 2020.
read more... 21/12/2015
Daily: European spot power prices fell amid low demand, mild weather
Crude oil futures ended lower on Thursday, as recent figures showed a surprisingly hike in U.S. crude supplies and dollar appreciation following the Federal Reserve’s decision to increase interest rates. WTI crude for January delivery declined 57 cents, or 1.6%, to settle at $34.95 a barrel on the New York Mercantile Exchange. Brent crude for February delivery on London’s ICE Futures exchange also fell 33 cents, or 0.9%, to close at $37.06 a barrel.
read more... 18/12/2015
Daily: European forward power prices sink on lower spot demand due to milder weather
WTI crude rebounded by about 2 percent on Monday, recovering modestly from 11-year lows. Both global benchmark Brent and WTI crude have declined aftermath an OPEC meeting on December 4 which resulted in removed production ceiling, worsening the global crude oversupply. Brent futures for January delivery shed 1 cent to settle at $37.92 a barrel. U.S. crude increased 69 cents, or 1.94 percent, to close at $36.31.
read more... 15/12/2015