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Daily: British gas prices ease on Rough outage, EU referendum
Crude oil prices ended 2 percent higher after a volatile session on Thursday, as investors were less preoccupied about the future of global economy after the last pre-vote opinion surveys indicated Britain will not quit the European Union. Brent crude rose $1.03, or 2.1 percent, to settle at $50.91 a barrel. U.S. crude closed at $50.11 a barrel, up 98 cents. Both contracts jumped in the last few minutes of trading.
read more... 24/06/2016
Daily: Crude oil prices post the third week of gains on upbeat market sentiment
Crude oil prices boosted on Friday and posted their third consecutive week of gains on optimistic market sentiment and on signs that a continuing global oversupply may be alleviating. Brent futures rose by 1.3 percent to settle at $45.11 per barrel, while U.S. West Texas Intermediate crude climbed 1.3 percent at $43.73 a barrel. Both contracts increased as much as 3 percent during the session. Brent has rallied by 4.5 percent this week and U.S. crude by 8.4 percent as both benchmarks recorded a third week of gains.
read more... 25/04/2016
Daily: European electricity forward prices surpass 10-week highs on coal price recovery
Crude oil prices tumbled on Friday on anticipations that a weekend meeting of top oil exporters will have little impact on reducing an exacerbated glut, even if would provide a ceiling for the market. Brent crude futures eased 74 cents to close at $43.10, while U.S. crude settled down $1.14 cents at $40.36. Both contracts declined by more than 3.5 percent earlier in the day.
read more... 18/04/2016
E.ON and Gazprom agree on adjustment of prices in gas supplies contract
German utility E.ON and Russian energy giant Gazprom agreed to adjust the prices of long-term gas supply contracts, resolving a pending arbitration proceeding between the companies.
read more... 30/03/2016
Daily: European Cal’17 power contracts collapse at 13-year low tracking lower oil, coal and carbon prices
Crude oil prices plunged 6% on Friday to settle below $30 a barrel for the first time in 12 years, as Chinese stock markets declined further and traders expected an impending increase in Iran’s exports. Brent eased $1.94, or 6.3 percent, to settle at $28.94 a barrel, sticking below the key $30 a barrel threshold after briefly falling below that level in the previous two days. It dipped as far as $28.82, the weakest level since February 2004. U.S. crude lost $1.78, or 5.7 percent, to close at $29.42, after reaching a contract low of $29.13, its lowest level since November 2003, previously in the session.
read more... 18/01/2016