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Daily: Crude oil falls 8 % on pessimistic U.S. , worldwide demand outlooks
Crude oil prices declined for a fourth consecutive session on Tuesday and hovered near to 12-1/2-year lows attained last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weakness in equities markets also dragged down prices. Brent crude oil fell $2.56, or 7.8 percent, to settle at $30.32 a barrel. It was the biggest drop in a day for Brent since September 1. WTI crude eased $1.75, or 5.9 percent, to end at $27.94. It dipped to $26.19 previous week, its lowest since May 2003.
read more... 10/02/2016
Norway to overtake Russia as Lithuania’s first gas supplier in 2016
Lithuania will purchase more gas from Norway than from Russia in 2016 after concluding a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure.
read more... 09/02/2016
Daily: European power futures hit a new record low pressured by weak carbon prices
Crude oil prices declined 3 percent on Monday, finishing down for a third consecutive day, dragged down by concerns that U.S. crude inventories have hiked to new record highs, while a Saudi-Venezuela meeting to spur prices showed no tangible progress. U.S. crude traded below $30 a barrel, ending down $1.20 at $29.69. Global crude benchmark Brent eased $1.18 to settle at $33.88.
read more... 09/02/2016
Daily: Crude oil settles down in volatile trade ahead of top oil producers meeting
Crude oil prices settled down on Friday, snapping two weeks of gains, as speculations about a possible agreement between top oil producers defied concerns about intensifying supply glut. Global benchmark Brent crude futures fell 40 cents or 1.2 percent to close at $34.06 a barrel, after trading between $35.14 and $33.81. U.S. crude futures declined 83 cents or 2.6 percent lower, to close at $30.89 a barrel, after hitting a peak of $32.45. The contract shed slightly lower to $30.63 in post-settlement trading.
read more... 08/02/2016
Daily: European prompt power price soar amid lower wind and solar output
Crude oil tumbled 2% in volatile trading on Thursday, as support from a depreciating dollar was eclipsed by speculation about possible talks the Organization of the Petroleum Exporting Countries and other oil producers to jointly cut output. Brent futures declined 1.6 percent, or 58 cents, to settle at $34.46 a barrel, after fluctuating between $34.15 and $35.84. WTI crude also ended lower, down 56 cents, or 1.7 percent, at $31.72 after swinging between $31.53 and $33.60.
read more... 05/02/2016