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Daily: European spot power prices evolved differently, French prices spurred by weak renewables
Crude oil boosted 4 percent on Wednesday after a small-than-expected increase in U.S. crude stockpiles that offset oversupply worries caused by the end of Kuwait strike and on prospects that oil majors would meet again to try to reduce oil production. Brent's front-month contract rose $1.77, or 4 percent, to settle at $45.80 a barrel. It had plunged to a session low of $42.81. U.S. crude's front-month contract, for May delivery, which expired at Wednesday's settlement, climbed $1.55, or 3.8 percent, at $42.63 a barrel. The session low was $39.85.
read more... 21/04/2016
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
Daily: European forward power prices rally to the highest level in 10 weeks, spurred by coal
Crude oil prices settled lower after a nervous trading on Thursday, capping losses due to a favorable report from the International Energy Agency (IEA), in a context of an omnipresent speculation after a Sunday summit in Doha between producing countries. Brent crude futures eased 34 cents to settle at $43.84 a barrel, while U.S. crude closed the session down 26 cents at $41.50.
read more... 15/04/2016
General Electric put the eye on German offshore wind
General Electric (GE), the world's third largest wind turbine manufacturer by market share after Denmark's Vestas and China's Goldwind is envisaging positioning itself in Germany’s flourish offshore wind sector and also is looking at nascent wind industries in Eastern Europe.
read more... 15/04/2016
Daily: European spot power prices up on tighter supply, while forward down tracking coal, carbon
Crude oil prices closed down on Thursday after figures showed robust weekly stockpiles at the U.S. crude storage hub despite a pipeline outage, but prices pared losses on short covering, indicating more volatility ahead. Brent futures eased 41 cents, or about 1 percent, to settle at $39.43 a barrel, backtracking losses from the session low that saw Brent down more than $1, or nearly 3 percent. WTI crude futures ended down 49 cents at $37.26, after plunging as low as $36.69.
read more... 08/04/2016