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Daily: European spot power prices decline ahead of Christmas
Oil futures continued to recover from multiyear lows on Wednesday, closing sharply higher after figures showed that U.S. crude stockpiles recorded an unexpectedly large decline previous week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February rebounded $1.36, or 3.8%, to settle at $37.50 a barrel. Brent crude for February delivery on London’s ICE Futures exchange rose $1.25, or 3.5%, to end at $37.36 a barrel, ending a five-session losing streak.
read more... 24/12/2015
Daily: European spot power prices fell amid low demand, mild weather
Crude oil futures ended lower on Thursday, as recent figures showed a surprisingly hike in U.S. crude supplies and dollar appreciation following the Federal Reserve’s decision to increase interest rates. WTI crude for January delivery declined 57 cents, or 1.6%, to settle at $34.95 a barrel on the New York Mercantile Exchange. Brent crude for February delivery on London’s ICE Futures exchange also fell 33 cents, or 0.9%, to close at $37.06 a barrel.
read more... 18/12/2015
Italy’s ERG to invest in four European countries to spur wind power growth
ERG, the largest wind power producer in Italy, envisages investing in four European countries, including Germany, France, Poland and Britain.
read more... 17/12/2015
Daily: Crude oil prices continue to fall on stockpiles hike to record
Crude oil prices plunged to fresh multiyear lows on Wednesday as U.S. commercial crude and refined-product stockpiles soared to a record. WTI crude for January delivery eased $1.83, or 4.9%, to settle $35.52 a barrel on the New York Mercantile Exchange, the lowest level since February 2009. Brent, the global benchmark, declined $1.26, or 3.3%, to close $37.19 a barrel on ICE Futures Europe, the weakest level since December 2008. Both benchmarks lost more than 30% this year.
read more... 17/12/2015
Daily: European forward power prices sink on lower spot demand due to milder weather
WTI crude rebounded by about 2 percent on Monday, recovering modestly from 11-year lows. Both global benchmark Brent and WTI crude have declined aftermath an OPEC meeting on December 4 which resulted in removed production ceiling, worsening the global crude oversupply. Brent futures for January delivery shed 1 cent to settle at $37.92 a barrel. U.S. crude increased 69 cents, or 1.94 percent, to close at $36.31.
read more... 15/12/2015