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Brent crude oil price plunges by about 42% year-on-year
Brent crude on London’s ICE Futures exchange fell 60 cents, or 1.2%, to settle at $47.98 a barrel on November 5, with prices at their weakest level in over a week, pulled out by a stronger dollar and a supply glut.
read more... 06/11/2015
Daily: European coal prices soar on approaching winter peak demand season
Crude oil futures recorded their lowest settlement level in more than a week, dragged down by increasing crude inventories in the United States and the dollar appreciation. West Texas Intermediate (WTI) crude for December delivery fell $1.12, or 2.4%, to settle at $45.20 a barrel on the New York Mercantile Exchange. That was the lowest level since October 27. Brent crude on London’s ICE Futures exchange decreased by 60 cents, or 1.2%, to close at $47.98 a barrel, with prices also at their lowest close in over a week.
read more... 06/11/2015
Daily: British gas prices spurred by cut in Dutch imports, weak demand forecast
Crude oil declined on Wednesday, erasing most of their gains from the previous day, as a strong dollar, declining gasoline prices and increasing U.S. crude stockpiles weighted on the market. Brent crude futures fell $1.96, or 3.9 percent, to end at $48.58 a barrel. It had boosted $1.75 on Tuesday. WTI crude shed $1.58, or 3.3 percent, to settle at $46.32. It rose by $1.76 in the previous session.
read more... 05/11/2015
Statoil will invest in a new renewable project in Scotland
Statoil has recently announced that it intends to invest about 236 million dollars in a new renewable project in Scotland. They talk about building the first floating wind farm off the Scottish coast, near Buchan Deep. The project will consist of five floating 6MW turbines totaling 30MW, which should be enough to power 20,000 homes.
read more... 04/11/2015
Daily: Crude oil prices rebound by 4% on production disruption concerns in Brazil, Libya
Crude oil prices rebounded by about 4 percent on Tuesday as a hike in U.S. gasoline and diesel after a disruption on a key pipeline system added further support to oil markets already buoyed by an industry strike in Brazil and force majeure for Libyan crude loadings. Brent crude edged $1.75 higher, or 3.6 percent, to settle at $50.54 a barrel, after hitting a peak of $50.91 during the session. U.S. crude boosted $1.76, or 3.8 percent, to close at $47.90. The session's peak was $48.36.
read more... 04/11/2015