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Daily: Brent hits the lowest level in over two years on weak economic data from China
Brent crude dropped below $97 per barrel on Monday, touching its weakest level in over two years, dragged down by pessimistic Chinese economic data which slashed outlook for demand at a time of plentiful supply. The Brent contract for October delivery, which expired on Monday, eased at $96.21 a barrel, the lowest level since July 2012, while the Brent contract for November delivery tumbled 8 cents a barrel to settle at $97.88. U.S. crude boosted 65 cents to finish at $92.92 a barrel.
read more... 16/09/2014
Daily: Brent above $98 on Mideast worries
Brent crude price stood above $98 a barrel on Thursday among geopolitical concerns in the Middle East, although fears about abundant supply and reduced demand that pulling prices to 17-month lows in the previous session limited the gains.
read more... 11/09/2014
Daily: German spot power prices fell on increased wind power supply
Brent crude reduced for a fourth straight session on Tuesday but stayed above $100 a barrel after declining below that level on the previous day for the first time in 16 months, with prices encouraged by hopes of output halts by OPEC.
read more... 09/09/2014
Daily: Thermal coal prices declined due to oversupply
Brent crude increased towards $101 a barrel on Wednesday, detaching from a 16-month low attained in the previous session, stimulated by encouraging U.S. manufacturing data.
read more... 03/09/2014
UK grid asks for additional capacity to fill probable winter supply gap
Britain’s power network operator National Grid has submitted by a year a plan to tap supplementary electricity capacity over the winter after a number of unpredicted plant outages.
read more... 02/09/2014