Crude oil climbed by about 3 percent on Wednesday, reaching fresh highs for 2016 as the dollar depreciated after the Federal Reserve unveiled it would leave U.S. interest rates unchanged. Front-month Brent rose by $1.44, to settle at $47.18, having touched a 2016 high of $47.45 earlier. WTI's front-month contract increased $1.29, percent, to close at $45.33 a barrel, after attaining a 2016 high at $45.62.
read more... 28/04/2016
Six Polish state-controlled companies have decided to invest $620 million in a newly-established state coal mining conglomerate PGG, as they stated on Tuesday, as part of an effort to save the European Union's biggest coal miner Kompania Weglowa from insolvency.
read more... 27/04/2016
Oil prices lost more than 2 percent on Monday as data showed new U.S. crude stockpiles builds, while leading banks in commodities stated that the two-month long oil market hike has defied fundamentals. U.S. crude fell $1.09, or 2.5 percent, to settle at $42.64 a barrel. Last week, it reached a five-month high of $44.49. Brent declined 63 cents, or 1.4 percent, to close at $44.48. It attained a mid-November peak of $46.18 last week.
read more... 26/04/2016
Crude oil prices shed on Thursday as producers insinuated more output, while U.S. stockpiles registered their first loss in four sessions. The euro was down against the dollar after traders saw potential for the European Central Bank to eventually boost its stimulus measures if necessary. WTI crude oil prices eased 2.3 percent to settle at 43.18 a barrel. Brent crude declined 2.8 percent to close at $44.53 a barrel.
read more... 22/04/2016
Britain's Centrica made known about the 170 million-pound ($243 million) purchase of Danish energy management firm Neas Energy on Thursday, a move that builds on its new strategy shift to grow in European energy trading.
read more... 22/04/2016