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
Crude oil prices ended up 3 percent on Monday on renewed hopes that top crude exporters might make progress on a deal to limit production. The world’s major producers met in Algeria to discuss ways to prop up prices. Brent crude futures rose by $1.46, or 3.2 percent, to settle at $47.35 a barrel after fluctuating between $45.74 and $47.66. U.S. West Texas Intermediate (WTI) crude futures advanced $1.45, or 3.3 percent, to settle at $45.93 after a session high of $46.20 and low of $44.43.
read more... 27/09/2016
Crude oil prices plunged 4 percent on Friday as Saudi Arabia and its rival Iran were making little progress in achieving preliminary deal ahead of OPEC talks aimed at freezing production. The United States was on the track to increase the number of oil rigs in a quarter, move that weighed on sentiment. Another bearish factor was weaker equity prices on Wall Street. Brent crude futures lost $1.76, or 3.7 percent, to settle at $45.89 a barrel. For the week, it added 0.3 percent. U.S. West Texas Intermediate crude futures declined $1.84, or 4 percent, to close at $44.48. On the week, WTI rose 3 percent.
read more... 26/09/2016
French state-controlled utility EDF has decided to ink agreements with the British government for its Hinkley Point nuclear project on Thursday, as mentioned by French financial daily Les Echos.
read more... 26/09/2016
Oil prices continued to rise on Thursday, encouraged by the previous day’s unexpected decline in U.S. inventory levels and the weakening U.S. dollar.
read more... 23/09/2016