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Daily: European spot power prices firm on rebounding French, German demand
Crude oil decreased on Monday as a stronger dollar and worries of increasing oversupply weighted on the market after Saudi Arabia announced its highest crude exports since November 2015. Brent crude lost 54 cents to settle at $66.27, after hitting a high of $67.88. U.S. crude futures dropped 26 cents to close at $59.43 a barrel.
read more... 19/05/2015
Daily: Oil futures pull back on robust supply
Crude oil futures retired on Thursday as robust supply weighed on prices, while Brent’s front-month June contract headed to expiration. Expiring front-month Brent for June delivery declined 22 cents to settle at $66.59 a barrel. Brent crude for July delivery declined 57 cents to close at $66.70. WTI crude for June delivery dropped 62 cents to close at $59.88 on New York Mercantile Exchange (Nymex).
read more... 15/05/2015
Daily: Brent registers the first weekly loss after series of gains on supply glut worries
Brent crude recorded its first weekly loss in a month on Friday on fresh concerns about global oversupply, while WTI crude boosted for an eight consecutive week, spurred by jobs growth figures and the first storm of the hurricane season forming. Brent crude declined by 15 cents or 0.2 percent to settle at $65.39 a barrel on Friday. It posted a 1.6 percent loss on the week. U.S. crude firmed by 45 cents, or 0.8 percent, for the session to close at $59.39 a barrel. It registered a 0.4 percent gain on the week.
read more... 11/05/2015
EU, Russia and Ukraine to conclude a trilateral gas deal to ensure supply security
Vice President of the European Commission, Maros Sefcovic, said on Tuesday in his recent visit to Kiev, is envisaging inking a trilateral gas deal between Ukraine, Russia and the European Union, which should be valid till the arbitration in Stockholm by the end of the summer. The deal is aimed to ensure security of gas supply for next winter and beyond.
read more... 06/05/2015
Daily: European power prices decline on higher renewable output
Brent crude rallied to a 2015 high before closing down with WTI crude on Monday after the Saudi Arabia considered halting bombing in Yemen, easing concerns about oil supply from the Middle East. A stronger U.S. dollar also weighed on commodity. Brent crude hit the year's high of $67.10 before settling down just a penny at $66.45 a barrel. Brent was thinly traded as a public holiday in Britain had limited trading volumes. WTI crude declined 22 cents to close at $58.93.
read more... 05/05/2015