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Daily: European prompt power prices firmed on forecasts for colder weather
Crude oil ended lower on Monday as robust supply compensated support from the conflict in Yemen and the declining number of U.S. rigs drilling for oil made traders hesitant after prices reached 2015 peaks last week. Brent crude for June delivery dropped 45 cents to close at $64.83 a barrel, having oscillated from $64.40 to $65.61. European benchmark hit the highest level in 2015 at $65.80 on Friday. WTI crude eased 16 cents to settle at $56.99, having fluctuated from $56.52 to $57.89. It hit a 2015 peak of $58.41 last Thursday.
read more... 28/04/2015
Daily: Crude oil futures mixed amid lower drilling activity in the US and Yemen conflict
Crude oil futures were mixed on Friday amid declining US drilling activity and as the continuing turmoil in Yemen intensified concerns about eventual supply disruptions in the Middle East. Brent crude for June delivery increased by 43 cents, or 0.7%, to settle at $65.28 a barrel on 24 April, trading at its highest levels since December 2014. WTI crude for June delivery decreased 59 cents, or 1%, to close at $57.15 a barrel on 24 April.
read more... 27/04/2015
Total’s Danish shale gas project blocked by Greenpeace
Greenpeace activists climbed a shale gas drilling rig run by Total in Denmark on Monday, and the French energy firm has requested police for help, as declared by an official at Total Denmark.
read more... 14/04/2015
Daily: Crude oil posts the sharpest weekly decline since January on resurgent dollar, rate hike concerns
Crude oil prices settled down on Friday, with Brent posting the largest loss in a week since January, as a recovering dollar and concerns about an U.S. rate increase draw away attention from the declining number of rigs drilling for oil in the United States. Benchmark Brent oil decreased by 75 cents, or 1.2 percent, to settle at $59.73 a barrel. It registered 4 percent slide on the week, its largest decline since the week ended January 9. U.S. crude dropped $1.15, or 2.3 percent, to close at $49.61 a barrel. It posted a slight loss on the week, for a third consecutive week of declines.
read more... 09/03/2015
Statoil: contract of NOK 8 billion for oil platform awarded to Aibel
Statoil has awarded a deal estimated at NOK 8 billion (£0.7bn) to construct an offshore drilling platform.
read more... 26/02/2015