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Daily: European forward power prices tumble on weaker oil, coal, carbon prices
Crude oil prices evolved differently on Friday, with WTI for November delivery gaining 41 cents to settle at $ 48.24 per barrel, two days after OPEC countries reached a consensus to limit oil production. However, North Sea Brent lost 18 cents to settle at $49.06 per barrel on the Intercontinental Exchange.
read more... 03/10/2016
Ukraine boosts gas imports from European countries
Ukraine has boosted its daily imports of natural gas from Europe to 53.3 million cubic metres (mcm) from around 50 million, stated Ukrainian state-run gas transport company Ukrtransgaz.
read more... 30/09/2016
Daily: Crude oil prices surge on OPEC agreement to limit output to tackle supply glut
Crude oil prices soared over 1 percent on Thursday on optimism over OPEC’s first scheduled output reduction in eight years, although oil paired gains as some analysts were skeptical that the production freeze would be enough to cope with the supply glut. Brent crude rose by 55 cents, or 1.1 percent, at $49.24 a barrel. It attained a three-week high at $49.81. U.S. West Texas Intermediate crude inched 78 cents up, or 1.7 percent, to settle at $47.83 after a one-month high at $48.32.
read more... 30/09/2016
Daily: Crude oil soars after OPEC deal to slash oil production in November
Crude oil ended up 6 percent on Wednesday after OPEC reached an agreement to curb crude output at its policy meeting in November. Brent crude rose by $2.72, or 5.9 percent, to settle at $48.69 a barrel, attaining a more than two-week high of $48.96. WTI crude boosted $2.38, or 5.3 percent, to close at $47.05 a barrel.
read more... 29/09/2016
Daily: Increase in wind power production hits German spot
Oil futures reduced by approximately 3% on Tuesday after both Iran and Saudi Arabia played down anticipations for an agreement to freeze or cut crude output at the thoroughly watched informal OPEC meeting on Wednesday.
read more... 28/09/2016