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Daily: Crude oil prices shed on robust production from OPEC, firmer dollar
Crude oil closed down as much as 1 percent on Monday, retiring from Friday’s hike on a strong dollar and worries over extremely high supplies from OPEC. The Organization of the Petroleum Exporting Countries pumped a record high of 31.22 million barrels of oil per day (bpd) in May and the group is expected the maintain its current production at its meeting on Friday. Brent crude oil futures declined by 68 cents, or 1 percent, to close at $64.88 a barrel. U.S. crude decreased just by a dime, ending at $60.20 a barrel, after slipped more than 1 percent with Brent earlier.
read more... 02/06/2015
EDF wants 2.5 pct increase in tariffs before critical meeting
French utility EDF is requesting the government for an annual raise of 2.5 percent in regulated power prices over three years before a key meeting for France's nuclear industry, as mentioned in a newspaper on Sunday.
read more... 02/06/2015
Daily: British forward natural gas prices tumble as oil baffle pulls down commodities
Brent crude dropped to a four-year low under $76.30 a barrel on Thursday as it became more and more improbably that OPEC would curb oil production to increase prices during a meeting in Austria. Benchmark Brent futures declined by more than $1 to settle at $76.28 a barrel, the weakest level since September 2010. U.S. crude tumbled more than $1 to hit a session low of $72.61.
read more... 28/11/2014
Daily: Crude oil falls 2 percent on uncertainty about output cut at OPEC summit
Crude oil prices declined by 2 percent to hit near four-year lows on Tuesday in another volatile session as a meeting in Saudi Arabia and three other nations ahead of an OPEC summit closed with no sign of an accord to cut oil production. Benchmark Brent crude decreased $1.35 to settle at $78.33, slipping from an intraday peak of $80.44. U.S. crude fell $1.69 to close at $74.09. It declined more than $2 in post-settlement trade, hitting $73.71.
read more... 26/11/2014
Daily: British natural gas prices soar as robust demand surpasses supply
Crude oil prices dropped for a third consecutive day on Wednesday, as early rise was curbed by talks of an eventual OPEC output reduction and after the Federal Reserve unveiled minutes of previous month’s policy meeting, voicing its concerns that U.S. inflation could remain below target for "quite some time." Benchmark Brent crude oil declined 37 cents to settle at $78.10 a barrel, after gaining as much as 98 cents during the session. U.S. crude fell 3 cents to close at $74.61, after a session high at $75.40.
read more... 20/11/2014