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Daily: WTI oil prices post a 4% hike on solid U.S demand for gasoline focus
WTI crude oil prices hiked by 4 % on Thursday, spurred by traders’ focus on solid U.S. demand for gasoline which eclipsed news of increased U.S. stockpiles of crude. WTI crude futures rose by $1.77, or 4.0 percent, to settle at $45.92 a barrel. Brent crude, the global benchmark for oil, boosted by $1.20, or about 2.5 percent, to close at $49.70 a barrel.
read more... 11/09/2015
Daily: German day-ahead power prices decline on stronger renewable output
Crude oil declined nearly 4 percent on Wednesday, dragged down by robust supply and worries about demand being slashed slowing economic growth. Oil futures prolonged losses as U.S. equities turned lower after economic stimulus outlook from China spurred stock markets in Japan and Europe. Brent crude declined by $1.94, or 3.92 percent, to settle at $47.58 after boosting 4 percent in the previous session. U.S. crude lost $1.79, or 3.9 percent, to settle at $44.15, having declined on Tuesday as trading restarted after the Monday's Labor Day holiday.
read more... 10/09/2015
Russia to ramp up oil output in 2015
Russia, the biggest oil producer in the world, is expected to ramp up its oil production by 1 percent this year, declared Energy Minister Alexander Novak on Wednesday.
read more... 09/09/2015
UK: Investment in North Sea oil industry hit by oil price collapse
Investment in U.K. North Sea oil and gas projects is expected to drop considerably by up to 4bn per year through to the end of 2018, as the collapse in oil prices forces the industry to cut back.
read more... 09/09/2015
Daily: Brent crude up 4 %, on equity rally, WTI down
Brent crude rose by 4 percent on Tuesday as equity markets rally helped the global oil benchmark recover the bulk of its losses from the previous session. WTI crude declined slightly in volatile trade, reopening from Monday’s U.S. market close for the Labor Day holiday to news of refinery outages. Gains in Brent hiked in New York after the European equities rally expanded to Wall Street. London-traded Brent boosted $1.89 to settle at $49.52 a barrel, and traded at $49.50 by 4:35 p.m. EDT (2135 GMT) in post-settlement trade. It slipped $1.98 in the previous session. U.S. crude lost 11 cents, or almost a quarter percent, to close at $45.94, and stood at $45.86 by 4:35 p.m. It had shed almost $2 earlier in the session.
read more... 09/09/2015