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Daily: UK gas prices tumble amid a modest oversupply, Russia-Ukraine negotiations
Crude oil futures were flat aftermath a choppy trading on Wednesday, following a report indicating falling U.S. gasoline demand in the largest oil consumer in the world and an increase at the key Cushing, Oklahoma storage hub. Brent crude for October delivery boosted 22 cents to settle at $102.72 a barrel, after having fluctuated by $1 between $102.05 and $103.07. WTI crude increased 2 cents to close at $93.88 a barrel after settling 51 cents higher on Tuesday on upbeat U.S. economic data.
read more... 28/08/2014
Daily: European prompt power prices jump on weak renewable energy production
Brent crude oil increased on Monday, while WTI crude dropped amid light trading, as geopolitical tensions in Ukraine and in Libya help offset plentiful supplies and expected weak demand after a set of pessimistic economic data from the United States and Europe. Brent crude augmented 36 cents to close at $102.65 a barrel, after hitting a 14-month low of $101.07 on August 19. U.S. crude slipped 30 cents to settle at $93.35 a barrel.
read more... 26/08/2014
Daily: Brent crude holds near 13-month low on shaky European economy
Brent crude rose on Friday, but valued near a 13-month low below $103 a barrel as a precarious European economy increased worries about demand in an oversupplied market. Brent crude increased by 48 cents to trade $102.55 a barrel by 02:21 GMT, but the September contract, which expired on Thursday, had dropped $2 to close at $102.01, the weakest level since June 2013. U.S. crude rebounded 12 cents to trade at $95.70 a barrel.
read more... 18/08/2014
Daily: British natural gas prices increase on nuclear plant outages, weak power output
Crude oil prices dropped more than $2 a barrel on both sides of the Atlantic on Thursday, dragged down by bearish economic data insinuating weakening oil demand and solid supplies. Brent crude for delivery in September closed down $2.27 at $102.01 after plunging to a low of $101.92, the lowest level since July 2013. Brent crude for October delivery fell $2.99 to settle at $102.07.
read more... 15/08/2014
Germany: RWE to mothball another 1, 000 MW of capacity
RWE AG, Germany’s second-largest utility, decided to mothball 1, 000 MW of plant capacity, citing low demand for electricity which made the plants unprofitable.
read more... 14/08/2014