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Daily: European forward power prices rally at 2-month high on increasing carbon, coal prices
Crude oil dropped for a second consecutive day on Tuesday since traders looked beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads on whether the group might cut production at its meeting on November 27. Benchmark Brent crude slipped 84 cents to close at $78.47 a barrel, while front-month U.S. crude close down $1.03 at $74.61.
read more... 19/11/2014
Daily: British wholesale gas prices increase on reduced flows, short system
Brent crude dropped below $80 a barrel on Wednesday for the first time since 2010, dragged down by technical selling, pressure from dollar appreciation and after Saudi Arabia’s oil minister hesitated to say if the kingdom supports a production cut at OPEC's meeting on November 27. Brent crude reached a session low of $79.84, its lowest level since September 2010, before closing down $1.29 at $80.38. After settlement, Brent declined below $80 again. WTI crude hit a session low of $76.63, then closed down 76 cents at $77.18.
read more... 13/11/2014
French government blesses the General Electric’s bid for Alstom
French government has finally reached an agreement to buy a 20-percent stake in engineering giant Alstom from construction firm Bouygues on Sunday, meeting a condition established by Paris to support a General Electric (GE) deal to purchase Alstom’s energy business for 12.35 billion euros.
read more... 23/06/2014
Shell devoted to Russia growth regardless of sanctions
Royal Dutch Shell is loyal to development in Russia, in spite of sanctions imposed on the country following its seizure of Ukraine's Crimea region, as told by the Chief Executive Ben van Beurden to Russian President Vladimir Putin at a meeting on Friday.
read more... 22/04/2014
Daily: Brent crude slips as Ukraine, Russia pledge to halt violence
Brent crude oil declined on Thursday, holding below $100 a barrel after a four parties meeting in Geneva which called for an immediate halt to violence in Ukraine, while WTI crude oil increased on upbeat economic figures. Brent crude for June delivery, which was backed in recent days by intensified unrest in Ukraine, closed down 7 cents at $109.53 a barrel, after earlier touching a peak of $110.19 ahead of the meeting in Geneva. Meanwhile, U.S. oil for delivery in May rose 54 cents to settle at $104.30 a barrel, after having previously hit a high of $104.78 a barrel.
read more... 18/04/2014