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Daily: British spot gas trades at the lowest level since October 2010 on weak demand, health supply
Brent crude oil futures increased, while U.S. crude oil limited losses on Thursday in a nervous trading as the euro and dollar were influenced by the European Central Bank's (ECB) decision to cut interest rates to record low levels and as investors forecasted strengthening oil demand in Europe. Brent rebounded from a three-week low and WTI crude from a two-week low reached instantly after the ECB announcement.
read more... 06/06/2014
French gas tariffs require larger market connection
The calculation of French regulated gas tariffs should be related more strongly to gas market prices since market main player GDF Suez renegotiates more of its supply agreements, as stated by energy regulator CRE in a report published on Wednesday.
read more... 05/06/2014
Daily: Crude oil prices slip at month’s end, but post an increase in May on supply concerns
Brent crude dropped on Friday, but rebounded 1.2 percent over the month, supported by energy supply worries amid continuing unrest in Ukraine. Brent crude declined 56 cents to settle at $109.41 a barrel. WTI crude oil also fell on Friday as traders took profit at the end of the month. However, U.S. crude posted a 3 percent increase in May. U.S. light crude oil slipped by $1.18 to an intra-session low of $102.40 to close 87 cents lower at $102.71 a barrel.
read more... 02/06/2014
E.ON and Rasgas sign LNG supply agreement into UK
Britain might obtain more liquefied natural gas (LNG) from the world's major producer Qatar under an agreement inked by utility E.ON on Wednesday, highlighting increasing reliance on the Gulf State since native North Sea reserves disappear.
read more... 29/05/2014
Daily: Brent and U.S. crude oil decline due to Ukraine, Libya supply worries
Brent crude oil traded slightly over $110 a barrel on Tuesday amid supply disruption worries as Ukrainian forces confronted separatists in Donetsk for a second day and since oil output in Libya was cut to 160,000 barrels per day (bpd) as a result of chaos in the country.
read more... 28/05/2014