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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
Daily: British natural gas prices climb on colder weather, nuclear outage
Crude oil prices rallied to a new 2015 peak on Wednesday following the first drawdown in U.S. crude stockpiles since January and dollar depreciation. Brent crude touched a 2015 peak of $69.63 before turning negative at one point. It rose by 25 cents to settle at $67.77. U.S. crude futures jumped more than $2 to hit the year's high of $62.58 a barrel, before ending just 53 cents higher at $60.93.
read more... 07/05/2015
Total's shale gas plans face another setback in Denmark
Danish Energy Agency has ordered French oil and gas giant Total to cease exploration drilling at the country’s first shale gas prospect a day after it started because the French giant has used Null Foam, a chemical product not approved by local authorities for utilization during the drilling.
read more... 07/05/2015
Daily: Crude oil attains a fresh high on Libyan oil exports disruption
Crude oil prices hit a fresh high for the year on Tuesday, following protests in eastern Libyan oil port of Zueitina which created a disruption in crude exports, stronger selling prices for Saudi oil and a weaker dollar. Brent crude rose by $1.07 to settle at $67.52, after slashing the year's peak at $68.40. U.S. crude boosted $1.47 to close at $60.40 a barrel, after hitting a 2015 high of $61.10.
read more... 06/05/2015