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Daily: German spot power prices extend gains as wind power declines
Crude oil prices trimmed off earlier gains to end Tuesday nearly steady, as the support from OPEC’s plan to cut production were undermined by an energy watchdog’s assessment of how much those nations are currently producing. Brent crude rose by 3 cents to settle at $55.72 a barrel and the U.S crude WTI increased just 15 cents to close at $52.98 a barrel, losing ground late in the session.
read more... 14/12/2016
EDF advances relaunch of three reactors involved in safety investigation
French utility EDF has advanced the relaunch date of three nuclear reactors involved in a safety investigation, signaling it may have obtained the authorization from safety regulator ASN to restart production.
read more... 12/12/2016
Daily: Oil breaks the $50 threshold on hopes for non-OPEC output reduction
Crude oil prices recovered from the week’s low to end above $50 a barrel on Thursday, on hopes that non-OPEC producers might agree to slash output after the cartel agreement to curb production. Brent gained 89 cents, or 1.7 percent, to settle at $53.89 a barrel. WTI light crude climbed $1.07, or 2.2 percent, to end at $50.84 a barrel. Both Brent and U.S. benchmarks soared after the former secretary general of the OPEC made comments supportive of non-member production cuts.
read more... 09/12/2016
Daily: Crude oil rocketed over 10% after OPEC’s decision to cut production
Crude oil prices surged over 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the world’s biggest producers agreed to limit production for the first time since 2008 in a bid to prop up prices. Yesterday, OPEC decided to slash production from January by around 1.2 million barrels per day (bpd), or over 3 percent, to 32.5 million bpd. U.S. West Texas Intermediate crude futures for January delivery rose by $4.21 to close at $49.44 a barrel, posting a 9.6 percent gain. They earlier rallied 10 percent, the largest one-day hike since February. Brent crude futures for January delivery climbed $4.09 a barrel or 8.82 percent to end at $50.47 a barrel. The contract expires Wednesday, and the February contract soared 8.9 percent to $51.51.
read more... 01/12/2016
Daily: Crude oil plunges nearly 4% on doubts aver OPEC output reduction
Crude oil prices decreased by about 4 percent on Tuesday as OPEC’s top oil exporters struggled to agree on a deal to limit production in order to increase prices, with Iran and Iraq in dispute with Saudi Arabia a day ahead of the meeting. Brent futures lost $1.86, or 3.9 percent, to close at $46.38 a barrel, while U.S. crude shed $1.85, or 3.9 percent, to end at $45.23. That was the largest daily percentage decline for Brent since September.
read more... 30/11/2016