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Daily: Crude oil prices increase on expectations of OPEC output cut
Oil prices finished higher on Tuesday on expectations of OPEC output reduction, then continued gains in post-settlement trade after the American Petroleum Institute (API) indicated an unexpected draw in U.S. crude stockpiles last week. Brent crude rose 16 cents, or 0.3 percent, to settle at $51.68 a barrel. It climbed to as high as $52.15 after the API figures. U.S. West Texas Intermediate (WTI) crude closed the session up 35 cents, or 0.7 percent, at $50.29. In post-settlement trade, it hit $50.78.
read more... 19/10/2016
Daily: Crude oil slightly down on U.S. rig count rise, firmer dollar
Crude oil prices posted a modest decline on Friday as traders balanced a stronger dollar and another build in the U.S. oil ring number against expectations that more OPEC negotiations of output reductions will keep crude above $ 50 per barrel. Brent, the London-traded crude benchmark, lost 8 cents, or 0.2 percent, to end at $51.95 a barrel. For the week, it closed flat. U.S. West Texas Intermediate (WTI) crude settled down 9 cents at $50.35. It boosted about 1 percent on the week.
read more... 17/10/2016
Daily: Oil settles lower as OPEC output increases
Crude oil prices tumbled on Wednesday after OPEC unveiled another monthly rally in output and prolonged losses in post-settlement trade as industry figures indicated the first increase in six weeks. The OPEC said the production boosted in September to the highest level in at least eight years. Brent crude ended down 60 cents, or 1.1%, at $51.81 a barrel. U.S. West Texas Intermediate (WTI) crude shed 61 cents, or 1.2%, to settle at $50.18.
read more... 13/10/2016
Daily: Crude oil rockets at one-year high as Russia wants to join OPEC in limiting output
Crude oil prices rose as much as 3 percent on Monday, with Brent attaining a one-year high, fueled by Russian President declarations that Russia is ready to join OPEC in slashing crude output and Algeria required for similar actions from other non-OPEC producers. Brent crude rallied to its highest level since October 9, 2015, up $1.21, or 2.3 percent to close at $53.14 a barrel. U.S. West Texas Intermediate crude rocketed to its highest level since June 9 at $51.60, before paring gains to end the session at $51.35, up $1.54, or 3.1 percent.
read more... 11/10/2016
Another “renewable” record for Scotland – wind generation up 36%
According to a new analysis of WeatherEnergy’s wind and solar power from WWF Scotland, another record for Scottish wind and solar power output was registered in September. Wind energy surpassed Scotland’s electricity needs for two days in the same month for the first time on record.
read more... 06/10/2016