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Daily: European forward power prices at highest level in 10 weeks, spurred by firmer coal, spot power
Crude oil prices ended up 3 percent on Monday on renewed hopes that top crude exporters might make progress on a deal to limit production. The world’s major producers met in Algeria to discuss ways to prop up prices. Brent crude futures rose by $1.46, or 3.2 percent, to settle at $47.35 a barrel after fluctuating between $45.74 and $47.66. U.S. West Texas Intermediate (WTI) crude futures advanced $1.45, or 3.3 percent, to settle at $45.93 after a session high of $46.20 and low of $44.43.
read more... 27/09/2016
Daily: Crude oil dips 4 percent as no output freeze deal expected for OPEC
Crude oil prices plunged 4 percent on Friday as Saudi Arabia and its rival Iran were making little progress in achieving preliminary deal ahead of OPEC talks aimed at freezing production. The United States was on the track to increase the number of oil rigs in a quarter, move that weighed on sentiment. Another bearish factor was weaker equity prices on Wall Street. Brent crude futures lost $1.76, or 3.7 percent, to settle at $45.89 a barrel. For the week, it added 0.3 percent. U.S. West Texas Intermediate crude futures declined $1.84, or 4 percent, to close at $44.48. On the week, WTI rose 3 percent.
read more... 26/09/2016
Denmark decided to continue production at old North Sea gas field
The Danish government is decided to find an economically viable solution that will permit A.P. Moller-Maersk's energy division to continue production at the Tyra gas field in the North Sea, as stated by energy and climate minister Lars Christian Lilleholt on Wednesday.
read more... 22/09/2016
Britain's first new gas plant in 3 years launches electricity production
Britain's first new major gas plant in three years started electricity generation this week, as stated by the owner of the Carrington plant close to Manchester.
read more... 22/09/2016
Novatek likely to start first Yamal LNG cargoes in 2017
Novatek, Russia's second largest gas producer, intends to start liquefied natural gas (LNG) production at Yamal in the second semester of 2017 and to convey its first cargoes before the end of that year, as stated by a senior executive.
read more... 20/09/2016