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Daily: British spot gas prices up, spurred by outages, firmer oil prices
Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016
Daily: European prompt power prices gain ground on declining wind output, lower thermal availability
Crude oil prices rebounded about 3 percent on Thursday, with U.S. crude increasing above the $40 per barrel mark on short covering and after a slight inventory decline at the delivery hub for U.S. crude futures. Brent crude boosted $1.19, or 2.8 percent, to settle at $44.29 a barrel. U.S. West Texas Intermediate (WTI) crude climbed $1.10, or 2.7 percent, to close at $41.93 per barrel.
read more... 05/08/2016
Daily: British prompt gas prices edge higher on weaker output from wind farms
Crude oil prices tumbled 2 percent on Thursday on U.S. government data showing growing stockpiles of gasoline and other oil products, driving total petroleum supplies in the U.S. to record highs. Brent crude lost 97 cents, or 2.1 percent, to settle at $46.20 a barrel. U.S. West Texas Intermediate (WTI) crude closed down $1, or 2.2 percent, to arrive at $44.75.
read more... 22/07/2016
Daily: Crude oil prices plunge at the lowest level in two-months on OPEC production rally
Crude oil prices plunged at their lowest level in two months on Monday after a study unveiled that crude oil output from the Organization of the Petroleum Exporting Countries has attained the highest level since August 2008 at 32.73 million barrels a day. West Texas Intermediate crude for August delivery lost 65 cents, or 1.4%, to settle at $44.76 a barrel on the New York Mercantile Exchange.The global benchmark Brent crude for September delivery declined 51 cents, or 1.1%, to end at $46.25 a barrel on the ICE Futures exchange in London.
read more... 12/07/2016
Russian gas conglomerate Gazprom to increase its output by 8% in 2016
Russia’s gas conglomerate Gazprom will increase its output this year by 8.1% to 452.45 billion cubic meters, said Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee.
read more... 05/07/2016