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Daily: British gas prices drop amid low demand, LNG ample imports
U.S. crude oil futures ended nearly unchanged on Tuesday, but rebounded after the settlement trade closure after the industry group the American Petroleum Institute unveiled that crude inventories fell the previous week, challenging analysts’ expectations for an increase. Meanwhile, Brent crude prices declined on Tuesday dragged down by the restart in Libyan supply.
read more... 07/05/2014
Daily: European spot power prices curbed by stronger wind power output
Brent crude oil dropped by more than $1 a barrel on Monday, dragged down by news that China’s manufacturing sector contracted for the fourth successive month in April and oil output in Libya was rebounding.
read more... 06/05/2014
Daily: British wholesale natural gas hovers near three-year lows on low demand
Brent crude dropped towards $108 a barrel on Thursday, close to its lowest level in more than two weeks, as flat data in China, a possible oil increase in Libya's oil supply and record-high in U.S. stockpiles impacted prices. Brent crude for June delivery slipped 3 cents to $108.04 a barrel by 03:24 GMT, after a 0.8 percent decline in the previous session to end at its lowest settlement since April 11. Meanwhile, U.S. crude for June delivery declined 7 cents to $99.67 a barrel, after having decreased 1.5 percent on Wednesday to settle at its lowest level since April 2.
read more... 02/05/2014
Daily: Crude oil prices get support from geopolitical concerns
Crude oil prices increased on Tuesday as tensions increased in eastern Ukraine and obtaining further support from a sudden violence in Libya, raising questions when oil flows will restart. Brent crude futures for June delivery closed at $108.98 per barrel, increasing 86 cents, or 0.8 percent, after having hovered much of the day above $109 per barrel. Meanwhile, U.S. crude for June delivery gained 44 cents to settle at $101.28 per barrel, up 0.44 percent.
read more... 30/04/2014
Daily: Brent crude prices fall as Libya exports resume
Brent crude oil dropped by about $1.50 a barrel on Monday as Libya, an important crude oil producer, paved the way to resume exports from the eastern oil port of Zueitina, while the spread versus U.S. futures suddenly reduced after expanding for two weeks.
read more... 29/04/2014