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Daily: Brent crude climbs, while U.S. oil declines on heavy spread trading
Brent crude oil climbed on Friday, while U.S. crude dropped as traders took profits on the spread between two contracts. Brent crude for November delivery traded 46 cents higher to settle at $109.22, while U.S. crude for October, which expired on Friday, declined $1.72 to close at $104.67. The spread between the October and November contracts narrowed nearly 70 cents on the day, ending with the November contract maintaining a 15 cent premium to the nearby month.
read more... 23/09/2013
Azerbaijan inks major gas deals with European buyers
Azerbaijan inked yesterday major contracts to deliver European buyers with gas, offering them an alternative supply source to Russia.
read more... 20/09/2013
Europe’s forward power market under pressure from short term
Forward power contracts are losing their benchmark status in Europe's electricity markets, as growing renewable generation makes betting on long-term products difficult and pushes traders into shorter-term deals.
read more... 12/09/2013
Gas-fired plants face profit squeezes and opportunistic investment
Utilities across Europe have been hit by high gas prices and low power contracts, which have squeezed their profit margins.
read more... 09/08/2013
Daily: European coal prices boost on Colombian miners’ strike
Crude oil prices dropped on Wednesday, dragged down by pessimistic data from China, with U.S. crude declining more harshly than Brent late in the session as traders took profits on the spread difference between two contracts. Brent crude edged $1.23 down on Wednesday to settle at $107.19 a barrel. U.S. WTI crude lost $1.84 to settle at $105.39, after closing 29 cents higher. Brent's premium to U.S. oil futures diminished to 56 cents in early European trade, then broadened in the U.S. afternoon, settling at $1.80.
read more... 25/07/2013