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Turkish gas rebate will be applied for winter season
Rebate on natural gas prices for winter season will be made even if gas price arbitration cases with Iran and Russia are not settled, the Energy Minister Berat Albayrak declared on Monday.
read more... 26/07/2016
Daily: French spot power prices increase on higher consumption due to hot weather
Crude oil prices declined over 2 percent on Monday, with WTI crude reaching a three-month low, on intensifying concerns that a global oversupply of oil and refined products would put pressure on markets, postponing a long-awaited rebalance in the market. U.S. crude lost $1.06 to settle at $43.13 a barrel, after hitting a three-month low of $42.97 during the session. Brent crude futures closed the session down 97 cents at $44.72 a barrel, after hitting their weakest level since May 10 at $44.55.
read more... 26/07/2016
Daily: Crude oil plunges 4 percent on the week hit by oversupply concerns
Crude oil prices ended lower on Friday, diving 4 percent on the week, reversing the fourth weekly rise as the U.S. oil rigs number increased, adding to oil oversupply worries. Brent crude dropped 51 cents, or 1.1 percent, to settle at $45.69 a barrel, after declining to $45.17, the lowest level since May 11. For the week, Brent eased 4 percent. U.S. West Texas Intermediate (WTI) crude fell 56 cents, or 1.3 percent, to close at $44.19. It lost 3.8 percent on the week.
read more... 25/07/2016
Daily: British prompt gas prices edge higher on weaker output from wind farms
Crude oil prices tumbled 2 percent on Thursday on U.S. government data showing growing stockpiles of gasoline and other oil products, driving total petroleum supplies in the U.S. to record highs. Brent crude lost 97 cents, or 2.1 percent, to settle at $46.20 a barrel. U.S. West Texas Intermediate (WTI) crude closed down $1, or 2.2 percent, to arrive at $44.75.
read more... 22/07/2016
Daily: Crude oil ends higher after ninth weekly U.S. crude drawdown
Crude oil prices boosted as much as 1 percent on Wednesday, rebounding U.S. crude from two-month lows after the U.S. government unveiled a ninth consecutive week of crude stockpiles draws, attenuating a part of worries about supply glut. Brent crude's front-month contract rose 51 cents, or 1 percent, to settle at $47.17 a barrel. U.S. West Texas Intermediate (WTI) crude contract for August delivery expired as the front-month after increasing 29 cents, or 0.7 percent, to settle at $44.94 a barrel. August contract attained a two-month low of $43.69 earlier. The September contract climbed 11 cents to end at $45.56.
read more... 21/07/2016