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Daily: European forward power prices rocket at an eight-week high tracking stronger coal, carbon prices
Crude oil declined for a second consecutive day on Thursday, dragged down by weaker U.S. refined fuels markets and eventual negative impact from Greek debt crisis on European energy demand. Brent crude decreased 29 cents, or 0.5 percent, to close at $63.20 a barrel. U.S. WTI crude declined by 57 cents, or almost 1 percent, to settle at $59.70.
read more... 26/06/2015
Daily: British spot gas prices firm after an outage at a Norwegian gas-processing plant
Crude oil futures declined more than 1 percent on Wednesday after a government report indicating an eight consecutive weekly draw in U.S. crude inventories was offset by a considerable increase in refined products. Brent futures fell 96 cents, or 1.5 percent, to settle at $63.49 a barrel. U.S. crude tumbled 74 cents, or 1.2 percent, to close at $60.27.
read more... 25/06/2015
BP inks LNG supply deal with Egypt amid its severe gas shortage
British oil giant BP has inked a deal to supply 16 cargoes of liquefied natural gas (LNG) through 2015 and 2016 to state-owned Egyptian Gas (Egas). The final quantity is less than 21 cargoes as previously envisaged.
read more... 24/06/2015
Daily: European prompt power prices tumble on stronger supply, nuclear reactor return
Crude oil prices curbed losses to close slightly higher on Monday as a short-covering ahead of the front-month contract expiration in U.S crude spurred the market weakened by concerns about increasing gasoline stockpiles. Initially, oil prices were also influenced by worries about the potential fallout from the Greek debt crisis, counterbalancing positive impact from a stockpile draw at the Cushing, Oklahoma. Brent crude rose by 32 cents, or 0.5 percent, to settle at $63.34 a barrel, after easing almost $1 earlier. WTI crude boosted 7 cents, or 0.1 percent, to close at $59.68 a barrel, as its front-month July contract expired.
read more... 23/06/2015
Daily: Crude oil declines by 2 percent on Greek fiscal crisis concerns
Crude oil decreased by about 2 percent on Friday, the first fall after three days of gains, as concerns about the Greek fiscal crisis, lower oil products prices and pre-weekend profit taking undermined the market. Brent crude declined by $1.24, or 1.9 percent, to close down for the first time since Monday at $63.02 a barrel. U.S. crude eased 84 cents, or 1.4 percent, to settle at $59.61.
read more... 22/06/2015