Latest news
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
Daily: Oil retreats from 2015 high on dollar appreciation, record exports from Iraq
Crude oil prices retreated from 2015 highs on Friday after posting their largest monthly gains for six years in April as Iraq announced its oil exports hit a record in April and amid pressure from a dollar appreciation. Brent crude for June delivery dropped by 32 cents to settle at $66.46 a barrel. However, it posted a 21% increase in April. U.S. June crude eased 48 cents to close at $59.15, after recording a 2015 high of $59.90 and recovering from a $58.32 intraday low. U.S. crude futures boosted 25% last month. Both Brent and WTI crude traded thin as major markets were closed for the May Day holiday.
read more... 04/05/2015
Gazprom net income drops by 86% on oil price decline, rouble
Russian natural gas and oil producer Gazprom endured an 86 percent decrease in net income in 2014 due to the rouble's weakness, the drop in global oil prices and a conflict with Ukraine.
read more... 30/04/2015
Daily: Crude oil prices rocket at 2015 highs on smaller inventories in the US
Crude oil prices rocketed at the highest level this year on smaller-than-expected rise last week in crude stockpiles throughout the United States indicating that the oil glut will start to lessen. U.S. crude futures are expected to settle April up nearly 23 percent and Brent almost 20 percent higher, the largest monthly gains since May 2009 when the global economy was starting to pick up from the financial collapse. Brent crude rallied $1.20 to settle at $65.84 after hitting its year high at $66.72. U.S. crude futures rose by $1.52 at $58.58 a barrel, after reaching a 2015 peak of $59.33.
read more... 30/04/2015