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Daily: European prompt power prices tumble as cold spell ends
WTI crude oil prices retreated 6% on Monday, falling below the key $30-a- barrel threshold in post-settlement trade, after news that Iraq’s production hit a record last month, intensifying again the worries about supply glut. U.S. crude fell $1.85 or 5.8% to settle at $30.34 a barrel. Brent crude, the global benchmark, eased $1.68 at $30.50 a barrel, 5.2% below its settlement price on Friday. It attained $30 after Monday's close.
read more... 26/01/2016
Denmark breaks another record in wind energy production
Denmark has broken another record of wind energy in 2015, having generated an astonishing 42% of its power from windmills, the highest share ever produced by any country.
read more... 18/01/2016
UK oil and gas fields set a production performance for the first time on 15 years
Britain’s oil and gas fields have boosted production for the first time in more than 15 years, according to UK’s government statistics.
read more... 05/01/2016
Daily: European forward power prices sink on lower spot demand due to milder weather
WTI crude rebounded by about 2 percent on Monday, recovering modestly from 11-year lows. Both global benchmark Brent and WTI crude have declined aftermath an OPEC meeting on December 4 which resulted in removed production ceiling, worsening the global crude oversupply. Brent futures for January delivery shed 1 cent to settle at $37.92 a barrel. U.S. crude increased 69 cents, or 1.94 percent, to close at $36.31.
read more... 15/12/2015
Daily: Crude oil prices end under $37 for the first time since 2009
Crude oil prices settled under $37 a barrel on Thursday for the first time since 2009 following the release of a report from OPEC’s indicating a hike in crude oil production in November to the highest monthly level in three years. On the New York Mercantile Exchange, West Texas Intermediate crude for January delivery slipped 40 cents, or 1.1%, to end at $36.76 a barrel. Brent crude for January delivery on London’s ICE Futures exchange eased 38 cents, or 1%, to hit $39.73 a barrel.
read more... 11/12/2015