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Daily Energy Overview, Thursday, February 24, 2011
U.S. crude stocks increased by 163,000 barrels previous week, less than Reuters analysts’ expectations for a 1.2 million barrel rise. U.S. crude futures traded 98.84 dollars a barrel on Wednesday, up 3.42 dollars. Prices for crude futures in the earlier trade hit 100 dollars a barrel the first time since October 2008 following the concerns of cuts supply in Libya and the turmoil in the Middle East.
read more... 24/02/2011
Daily Energy Overview, Wednesday, February 23, 2011
Oil prices went up as much as 6 percent on Monday with Brent crude traded in London at almost 109 dollars a barrel at one point for the first time since 2008. Brent crude for April delivery added 4 cents being traded at 105.78 dollars a barrel, while U.S. crude for March delivery, which expired on Tuesday, rose to 93.57 dollars a barrel. Oil prices stayed strong on Tuesday, but very close to 106 dollars.
read more... 23/02/2011
China's electricity consumption continued to raise, up 14.56% in 2010
In 2010 China's electricity consumption sharply rose, up 14.56 percent to well over 4.19 trillion kWh, the China Electricity Council said.
read more... 23/02/2011
Daily Energy Overview, Tuesday, February 22, 2011
U.S. crude oil futures increased over 5 dollars on Monday, the biggest one-day increase in the last two years as political situation in Libya is not getting better. The light sweet crude oil contract, which expires on Tuesday, increased by more than 5.10 dollars, registering an intraday high level of 91.30 dollars, the highest in the last two weeks.
read more... 22/02/2011
Daily Energy Overview, February 21, 2011
U.S. crude oil futures traded lower on Friday. In London, April Brent crude shed 7 cents to 102.52 dollars, while NYMEX April crude added 87 cents to 89.71 dollars setting a Brent’s premium against U.S crude at 12.81 dollars from 13.75 dollars on Thursday.
read more... 21/02/2011