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Daily: European forward power prices rally to the highest level in 10 weeks, spurred by coal
Crude oil prices settled lower after a nervous trading on Thursday, capping losses due to a favorable report from the International Energy Agency (IEA), in a context of an omnipresent speculation after a Sunday summit in Doha between producing countries. Brent crude futures eased 34 cents to settle at $43.84 a barrel, while U.S. crude closed the session down 26 cents at $41.50.
read more... 15/04/2016
IEA: Worldwide CO2 emissions flat in 2015
Global carbon dioxide emissions (CO2) from the energy sector stagnated in 2015 for the second consecutive year, given that renewable energies have increased, according to preliminary data from the International Energy Agency (IEA) on Wednesday.
read more... 17/03/2016
Daily: Crude oil soars 2 % following IEA report
Crude oil boosted 2 percent on Friday, with U.S. crude increasing for a fourth consecutive week, after the Paris-based International Energy Agency stated that the market may have hit bottom. Goldman Sachs remained pessimistic, declaring that prices could decline sharply in the next weeks with record U.S. stockpiles builds offsetting production falls in the country. Brent crude rose 34 cents, or nearly 1 percent, to settle at $40.39 a barrel. On the week, it posted a hike of 4 percent, heading for a third weekly gain in a row. WTI crude increased by 85 cents, or 2 percent, to close at $38.69 a barrel, after attaining a 2016 high at $39.02. It recorded an increase 7 percent on the week, a fourth consecutive week of gains.
read more... 14/03/2016
Daily: Crude oil recovers 6% on speculations of weaker U.S. shale output, strong equity market
Crude oil prices rebounded as much as 6 percent on Monday, spurred by IEA‘s speculation that U.S. shale output could decline and a hike in equities fed worries that crude prices may dip after a 20-month collapse. Futures of Brent rose $1.68, or 5 percent, to settle at $34.69. WTI crude futures climbed $1.84, or 6 percent, to close at $31.48 a barrel, rebounding above $32 at one point.
read more... 23/02/2016
IEA: Global coal demand will decline
Global coal demand has slowed down after more than a decade of “aggressive” growth, that’s according to a report by the International Energy Agency (IEA) which anticipates global demand for coal will be reduced by over 500 million tonnes by 2020.
read more... 21/12/2015