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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
Daily: European power prices decline on higher renewable output
Brent crude rallied to a 2015 high before closing down with WTI crude on Monday after the Saudi Arabia considered halting bombing in Yemen, easing concerns about oil supply from the Middle East. A stronger U.S. dollar also weighed on commodity. Brent crude hit the year's high of $67.10 before settling down just a penny at $66.45 a barrel. Brent was thinly traded as a public holiday in Britain had limited trading volumes. WTI crude declined 22 cents to close at $58.93.
read more... 05/05/2015
Statnett will construct electricity line to northern Norway’s developing oil region
Norwegian power grid operator Statnett will begin to build a new high-voltage electricity connection to the country's north in 2016, it declared on Thursday, bringing more power to what might develop as the country's new oil province.
read more... 04/05/2015