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Daily: French spot electricity prices buoyed by higher consumption, weak nuclear output
Crude oil futures closed higher on Monday lifted by a weaker dollar and stronger U.S. equity markets which offset worries about increasing drilling activity for oil in the United States. Prices also received a boost from forecasts that U.S. shale oil production could dip for an 11th consecutive month in October. Brent crude rose 31 cents, or 0.7 percent, at $48.32 per barrel. U.S. West Texas Intermediate crude gained 41 cents, or nearly 1 percent, to settle at $46.29.
read more... 13/09/2016
Daily: European spot electricity prices finish on a mixed note, German contract lifted by stronger consumption
Crude oil prices rebounded on Wednesday , supported by a sharp decrease of the dollar a day before, while the market was still trying to assess the chances of a deal between two of the largest oil producers to freeze oil production. U.S. WTI settled up 67 cents at $45.50 a barrel, a third consecutive session of gains, after U.S. inventory data showed the largest weekly stock draw in over three decades. Brent futures boosted 72 cents to end at $47.98 a barrel.
read more... 08/09/2016
Scotland and wind turbines reached an important milestone
For the first time on record, wind turbines alone in Scotland provided 39.5 GW of electricity to the National Grid, the equivalent of the country’s total electricity needs. The electricity consumption of the country was 37.2 GW, revealing that wind turbines have generated more electricity than was used in the whole of Scotland on a single day.
read more... 15/08/2016
Daily: French spot power prices increase on higher consumption due to hot weather
Crude oil prices declined over 2 percent on Monday, with WTI crude reaching a three-month low, on intensifying concerns that a global oversupply of oil and refined products would put pressure on markets, postponing a long-awaited rebalance in the market. U.S. crude lost $1.06 to settle at $43.13 a barrel, after hitting a three-month low of $42.97 during the session. Brent crude futures closed the session down 97 cents at $44.72 a barrel, after hitting their weakest level since May 10 at $44.55.
read more... 26/07/2016
Daily: POKEMON GO could lead to increased oil demand
Crude oil prices lost ground on Monday, down over 1 percent after increasing inventories of crude and refined fuel intensified concerns about another oversupply. An attempted coup in Turkey has only briefly supported the market. The application Pokemon GO is the potential for a substantial increase in car use which could lead to higher oil consumption to the level of hundreds of thousands of barrels a day.
read more... 19/07/2016