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Daily: Crude oil prices plunge 6 percent on a record increase in U.S. stockpiles
Crude oil prices plunged 6 percent on Wednesday after rallying at the highest level this year, as a considerable jump in U.S. crude inventories and a record of crude oil production in Saudi Arabia swept away any speculation of sustained recovery. U.S. crude oil stockpiles rocketed 10.95 million barrels - three times more than expected - to a daily record of 482.39 million last week, according to U.S. government data, the largest one-week increase since 2001. WTI crude for May delivery slipped $3.56, or 6.6 percent, to close at $50.42 after ending at nearly $54 a barrel on Tuesday, the highest close since December 30. Brent crude for May delivery slipped $3.55, or 6 percent, to settle at $55.55 a barrel.
read more... 09/04/2015
Daily: European power prices rebound on recovering demand after the Easter holiday
Crude oil futures soared on Tuesday and U.S. crude jumped close to 2015 highs on optimistic jobs data and government predictions for weaker U.S. crude production growth and stronger demand for oil. The price of U.S. crude oil for May delivery boosted 3.5% to settle $53.98 a barrel, approaching the highest level in 2015 at $55.11 hit on January 2. Brent crude for May delivery on London’s ICE Futures exchange soared 98 cents to settle at $59.10, having fluctuated from $57.02 to $59.27, the highest level since March 26.
read more... 08/04/2015
Daily: European spot prices recover as German wind storms faded
Crude oil boosted as much as 5 percent on Wednesday, breaking a three-session losing streak, as U.S. crude oil production declined for the first time in two months and the government unveiled a smaller- than- expected increase in weekly inventories. Futures of North Sea Brent increased by $1.99, or 3.6 percent, to settle at $57.10. WTI crude futures rose $2.49, or 5.2 percent, to close at $50.09 a barrel.
read more... 02/04/2015
Daily: British prompt gas prices decline on firmer supply from Norway
Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.
read more... 24/03/2015
EU carbon market emissions declined by 3.7% in 2014
Emissions limited by Europe's carbon market dropped by 3.7 percent in 2014, incited by higher production from renewable electricity generators and lower power consumption, as stated by analysts at Thomson Reuters Point Carbon on Wednesday.
read more... 19/03/2015