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Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Daily: Crude oil gains 3% on weaker dollar, OPEC forecast
Crude oil gained 3 percent on Tuesday, as a weak dollar spurred commodities labeled in the currency and OPEC raised slightly its forecast for oil demand growth. Turmoil in Yemen also encouraged prices, intensifying concerns over security of Middle East supplies. North Sea Brent rose by $1.95, or 3 percent, to settle at $66.86. U.S. crude firmed by $1.50, or 2.5 percent, to close at $60.75 a barrel.
read more... 13/05/2015
Daily: German forward electricity price up from 3 1/2 month low
Crude oil fell on Monday as the multi-week hike was spurring revitalization in already bloated U.S. shale supplies, even as the government expected less output in June from the fastest-growing fields. Brent crude futures declined by 48 cents to settle at $64.91. WTI crude futures dropped 14 cents to close at $59.25 a barrel.
read more... 12/05/2015
China’s crude oil imports rally to a record high in April
China, the world's second-largest crude oil buyer, registered a record high in its crude oil imports in April at 7.37 million barrels per day (bpd), as demand remains robust amid declining prices, encouraging stockpiling, according to data from the General Administration of Customs. In April, China imported a higher-than-expected 30.29 million tonnes of crude oil, while on a daily basis, April imports were up 13 percent compared with March.
read more... 08/05/2015
Daily: European power prices mixed, with German up on weak wind, French down on holiday
Crude oil receded 3 percent on Thursday as strengthening dollar slashed gains from the past two sessions. North Sea Brent crude declined $2.23, or 3.3 percent, to settle at $65.54 a barrel. Brent posted a 1.6% weekly loss. U.S. crude fell $1.99, or 3.3 percent, to close at $58.94 a barrel.
read more... 08/05/2015