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Daily: Brent and U.S. oil touch new 6-1/2-year lows on China and oversupply
Brent and U.S. crude futures touch new 6-1/2-year lows on Monday to decrease below the latest supports of $45 a barrel and $40 a barrel respectively since investors worry that a decelerating Chinese economy will lead to reduced demand amidst a global supply surplus.
read more... 24/08/2015
Daily: European spot electricity prices jump on lower wind output in Germany, higher electricity demand in France
Crude oil prices increased on Tuesday, with WTI crude soaring as much as 2 percent, spurred by optimistic economic figures and bets for weaker crude inventories in the United States, the largest oil consumer in the world. WTI crude rose by 75 cents to settle at $42.62 a barrel. Brent, the London-traded global benchmark for oil, boosted 7 cents to settle at $48.81, snapping a three-day loss. Brent declined initially on Tuesday morning after a stock market collapse in China, the No. 2 oil consumer.
read more... 19/08/2015
Daily: European prompt power prices slashed by lower temperatures forecasts
U.S. crude plunged at a more than six-year low on Tuesday after China's currency depreciation intensified worries about oil demand in the No. 2 consumer and a new OPEC estimate showed non-member producers are likely to keep output high despite weak prices.
read more... 12/08/2015
Daily: Crude oil recovers from multi-month low on stock market growth in China
Crude oil prices rebounded from multi-month low on Tuesday, spurred by a stock market jump in China, but robust supply and a pessimistic demand outlook slashed the crude’s hike. Brent crude rose by 47 cents, or 1 percent, to settle at $49.99 a barrel. It hit a six-month low on Monday, coming within cents of its 2015 low of $49.19. WTI crude increased 57 cents, or 1.3 percent, to close at $45.74. It plummeted to a four-month bottom of $45.17 the previous session, about $3 from the year low.
read more... 05/08/2015
Turbine manufacturer Nordex predicts a strong growth in sales in 2016
German wind turbine manufacturer Nordex anticipates sales increase to continue at a high pace next year, or by a double-digit percentage, as mentioned by its chief financial officer Schaeferbarthold on Thursday, due to strong demand from its main European market as well as the United States.
read more... 31/07/2015