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Daily: U.S. crude posts a 3% hike spurred by gains on Wall Street
WTI crude oil boosted by around 3 percent on Tuesday, spurred by gains on Wall Street, higher gasoline prices and a robust inventory draw report, while Brent increased modestly. U.S. crude's front-month rose by 59 cents, or 1.3 percent, to settle at $44.59 a barrel. In post-settlement trade, it climbed as much as $1.25, or 2.8 percent, to $45.25 a barrel by 4:50 p.m. EDT (2050 GMT), as a reaction to the API stockpiles report. London-traded Brent crude edged 26 cents higher at $46.63 a barrel as the October contract expired.
read more... 16/09/2015
EEX registers first trade on recently launched renewable contract
The European Energy Exchange (EEX) on Monday registers its first trades in its new cap future product for renewable energy that performs as an insurance against green power price increases.
read more... 15/09/2015
Azerbaijan's SOCAR hopes to restart negotiations with Greece over gas grid in December
Azerbaijan's state energy firm SOCAR hopes to restart negotiations over purchasing a stake in Greek gas grid operator DESFA in December, as stated by SOCAR's president on Monday.
read more... 15/09/2015
Daily: European power prices diverge, with German lower on strong winds
Crude oil lost more than 3% on Monday, pressured by a decline in gasoline prices and fears about whether the United States will have its first interest rate increase in nearly a decade. WTI futures lost 63 cents, or 1.41 percent, to close at $44 a barrel. Front-month Brent crude futures eased $1.70, or 3.6 percent, to settle at $46.40 a barrel.
read more... 15/09/2015
Gazprom to deliver 10% of export gas via tenders
Russia's top natural gas producer Gazprom said it envisages selling up to 10 percent of its gas to Europe via tenders, becoming more flexible regarding its traditional pricing mechanisms.
read more... 15/09/2015