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Daily: Crude oil surges as Venezuela sees output deal to stabilize market
Crude oil prices hiked on Monday, but pared gains, on skepticism over Venezuela’s statements that OPEC and non-OPEC countries were close to reaching a deal to balance global output and clashes in Libya disrupted attempts to increase crude exports. Higher equity prices on Wall Street and a weaker dollar also supported oil prices. Brent crude futures rose by 18 cents, or 0.4%, to settle at $45.95 a barrel. It increased over 2 percent earlier, hitting $46.93. U.S. West Texas Intermediate (WTI) crude futures gained 27 cents, or 0.6 percent, to end at $43.30. The session peak was $44.15.
read more... 20/09/2016
Rosneft inks an accord with PDVSA to produce gas in Venezuela
Russia's major oil producer Rosneft and Venezuela's state oil firm PDVSA inked a deal to establish a joint venture to develop natural gas in the South American country, as stated by Rosneft on Saturday.
read more... 22/02/2016
Daily: European power futures hit a new record low pressured by weak carbon prices
Crude oil prices declined 3 percent on Monday, finishing down for a third consecutive day, dragged down by concerns that U.S. crude inventories have hiked to new record highs, while a Saudi-Venezuela meeting to spur prices showed no tangible progress. U.S. crude traded below $30 a barrel, ending down $1.20 at $29.69. Global crude benchmark Brent eased $1.18 to settle at $33.88.
read more... 09/02/2016
Venezuela and Russia’s Rosneft settle on oil, gas investment of $14 billion
Venezuela and Russia's major oil producer, Rosneft, have settled on approximately $14 billion in investment in the South American OPEC country's oil and gas sector, as stated by President Nicolas Maduro on Wednesday evening.
read more... 28/05/2015
Daily: European forward power prices rally at 2-month high on increasing carbon, coal prices
Crude oil dropped for a second consecutive day on Tuesday since traders looked beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads on whether the group might cut production at its meeting on November 27. Benchmark Brent crude slipped 84 cents to close at $78.47 a barrel, while front-month U.S. crude close down $1.03 at $74.61.
read more... 19/11/2014