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Daily: Crude oil settles 2 percent lower on U.S. inventories concerns
Crude oil prices declined 2 percent on Tuesday as the market was pressured by concerns that U.S. crude inventories were still increasing amid decreasing output and refinery maintenance. Brent eased 79 cents to close at $38.74 a barrel, down 2 percent close to Monday’s level. U.S. crude lost 84 cents, or 2.3 percent, to settle at $36.34. In the last session, it dropped 3 percent.
read more... 16/03/2016
Daily: European prompt power prices evolve differently, with French contract up due to colder weather
Crude oil prices declined about 3 percent on Monday on worries that a six-week market rebound has gone beyond fundamentals as U.S. crude inventories continued to increase and after Iran dashed hopes in joining producers group in order to freeze output. WTI crude futures eased $1.32, or 3.4 percent, to settle at $37.18 a barrel, while Brent fell 86 cents, or 2 percent, to close at $39.53.
read more... 15/03/2016
Poland's Azoty intends to acquire more gas from Gazprom-supplied PGNiG
Poland's biggest chemicals firm Grupa Azoty, which surpassed 2015 profit forecasts on Friday due to low gas prices, plans to acquire more gas from its main provider PGNiG.
read more... 14/03/2016
Daily: Crude oil soars 2 % following IEA report
Crude oil boosted 2 percent on Friday, with U.S. crude increasing for a fourth consecutive week, after the Paris-based International Energy Agency stated that the market may have hit bottom. Goldman Sachs remained pessimistic, declaring that prices could decline sharply in the next weeks with record U.S. stockpiles builds offsetting production falls in the country. Brent crude rose 34 cents, or nearly 1 percent, to settle at $40.39 a barrel. On the week, it posted a hike of 4 percent, heading for a third weekly gain in a row. WTI crude increased by 85 cents, or 2 percent, to close at $38.69 a barrel, after attaining a 2016 high at $39.02. It recorded an increase 7 percent on the week, a fourth consecutive week of gains.
read more... 14/03/2016
Daily: Crude oil ends at the highest level in more than a month
Oil prices closed up at the highest level in more than a month on Wednesday, helping to spur world stock markets, while euro remained flat ahead of this week's European Central Bank meeting. Brent crude jumped $1.42 to settle at $41.07 a barrel, up more than 40 percent from its January lows, while U.S. crude WTI rose $1.79 to close at $38.29.
read more... 10/03/2016