Commodity trader Vitol has increased its export prepayment loans to state oil companies in Kazakhstan to US$5 billion, reinforcing its position in extracting Kazakh oil at a moment when the production of the central Asian nation might grow, as reported by Financial Times on Monday.
read more... 19/09/2017
Compared to previous years, we can see that the wholesale electricity market in the UK is low. More specifically, average wholesale electricity prices for the past 5 years have fallen more than 14%, with the strongest downturn from 2013 to the end of 2016, when prices declined more than 23%.
read more... 22/03/2017
S&P Global Platts, a leading commodity price reporting agency, unveiled on Thursday it had agreed to acquire PIRA Energy Group, a leader in global energy market analysis.
read more... 05/08/2016
Crude oil prices declined 5 percent on Monday to hit their weakest level since January, dragging down global benchmark Brent below $50 a barrel as weak factory activity in China dipped a commodity-wide rout. Brent crude closed down $2.69, or 5.2 percent, to touch $49.52 a barrel. U.S. crude dropped $1.95, or 4.1 percent, to hit $45.17, just about $3 above its 2015 bottom.
read more... 04/08/2015
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