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Daily: European year-ahead coal prices at the lowest level in five years
U.S. oil futures settled higher on Wednesday following the publication of government data indicating an unexpected low increase in crude stockpiles and one more significant drawdown at the American benchmark's delivery hub, at Cushing, Oklahoma. Meanwhile, Brent prices were flat on concerns over slower growth in China, as its debt has reached record levels.
read more... 27/02/2014
Daily: European prompt power prices dragged down by warmer weather
Crude oil futures traded higher in Thursday, backed by optimistic U.S. economic data, an increase in U.S. gasoline futures and a strike at oil ports in France that blocked the oil hub Fos-Lavera, slashing supplies. Meanwhile, Brent crude traded nearly $1 higher above $107 a barrel, having hit a high of $107.30 earlier in the session following the ECB comments. U.S. crude rose 46 cents at $97.84 a barrel after increasing as high as $98.83.
read more... 07/02/2014
Daily: European coal prices register few changes amid thin trading
Brent crude rose towards $113 a barrel on Wednesday, while the U.S. benchmark jumped more than $1 to a five-week high after news of the scheduled start of a vital pipeline helping to ease a supply blockage at the country's main oil storage hub.
read more... 05/12/2013
Daily: UK spot gas hits 8-month high on Norwegian supply disruption
U.S. oil futures increased more than $2 a barrel to hit a four-week high on Tuesday for a third straight session of gains as the January start-up of a pipeline from Cushing, Oklahoma, to the Gulf Coast would deplete crude stocks at the giant storage hub. U.S. WTI crude boosted by $2.22 to settle at $96.04 a barrel, its biggest daily percentage gain since September 18. Meanwhile, Brent crude for January delivery increased $1.17 to settle at $112.62 a barrel, after earlier hitting an 11-week high of $112.93.
read more... 04/12/2013
Singapore eyes becoming Asia’s LNG hub
Singapore eyes becoming Asia’s new liquefied natural gas (LNG) trading hub, with the city hoping to take the lead in the region. Moreover, it is taking steps to make this dream come true by the end of the year.
read more... 29/10/2013