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Daily: European forward power prices increase on firmer fuel markets
Crude oil prices lost ground on Monday, after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading toward balance were mitigated by weakening demand in Asia, gasoline oversupply and expectations that crude output could rise. Brent crude futures eased 25 cents to settle at $50.10 per barrel. U.S. crude futures fell 23 cents to close at $48.76 per barrel. The trading for U.S. crude was thin as markets were closed on Monday for the U.S. Independence Day holiday.
read more... 05/07/2016
Google purchases 12-year output from a yet-to-be-built wind power farm in Norway
Google has acquired the whole 12-year power output from an unbuilt Norwegian wind power farm in order to supply its European data centers with renewable energy.
read more... 30/06/2016
Daily: European spot electricity prices evolve differently; low wind power output spurs French prices
Crude oil prices declined about 2 percent in prolonged trading on Tuesday as figures indicated an unexpected build in U.S. crude stockpiles last week, adding to the destabilization of global financial markets before the British referendum whether to leave the European Union. Brent and U.S. crude extended losses in post-settlement trading, both falling by more than $1 a barrel each. Prices tumbled for the fourth straight day with Brent down 52 cents to settle at $49.83 a barrel, while U.S. crude lost 39 cents to close at $48.49.
read more... 15/06/2016
Russian firm brings more oil online in Iraq
Output from three new wells brought online at the Badra oil field add to the overall daily production from OPEC-member Iraq, as indicated by a Russian field operator.
read more... 10/06/2016
Daily: Crude oil loses ground as OPEC considers output reduction
Crude oil prices lost ground on Wednesday, dragged down after OPEC sources said that the group will likely consider an output ceiling at its meeting in Vienna on Thursday. U.S. crude's West Texas Intermediate (WTI) futures ended down 9 cents at $49.01 a barrel, off a session low of $47.75. Brent futures declined 17 cents to settle at $49.72, after plunging $48.65 earlier. The session high was $50.
read more... 02/06/2016