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Daily: British prompt natural gas prices tumble as supply surpasses demand
Crude oil prices decreased on Thursday on the dollar appreciation and Kuwait’s statement that OPEC had no choice but to continue producing in an oversupplied market undermined the previous day’s hike. Benchmark Brent oil eased nearly 3 percent, while U.S. crude declined by almost 2 percent, weighed by the dollar's increase against most currencies. Brent lost 1.48$ to end at $54.43 a barrel, after slipping $2 at one point. WTI crude slipped 70 cents to settle at $43.96, sliding more than $1.90 earlier.
read more... 20/03/2015
Egypt: 35 cargoes of LNG to be imported from Russia's Gazprom
Russia's Gazprom has signed an agreement to aid supply Egypt with its first liquefied natural gas (LNG) imports, as declared by the oil ministry on Tuesday, in a deal that could be estimated at approximately $1 billion at existing market prices.
read more... 19/03/2015
Daily: Oil prices rebound by 6% after Federal Reserve move
Crude oil prices soared as much as 6 percent on Wednesday as the dollar depreciated after the Federal Reserve changed the market's direction, choosing a more gradual modality to normalizing U.S. interest rates. Benchmark Brent oil registered choppy moves earlier, while U.S. crude prices eased after figures indicated the highest oil inventories in the United States in at least 80 years. Brent rose by $2.40 or 4.5 percent to settle at $55.91 a barrel. WTI boosted $1.20, or almost 3 percent, to close at $44.66 a barrel, and above $45 post-settlement.
read more... 19/03/2015
Daily: European spot power prices diverge with German prices up, French down
Crude oil prices tumbled again in post-settlement trade on Tuesday after a 3-day consecutive loss, as Industry group American Petroleum Institute (API) reported a considerable increase in U.S. crude stocks ahead of official data. Benchmark Brent oil had earlier ended up for the session, spurred by a weaker dollar and short-covering, while U.S. crude settled down on bets that inventories hit record highs for a 10th consecutive week. Brent crude for May delivery settled the session at $53.51, up 7 cents from Monday. WTI decreased to as low as $42.61 a barrel post-settlement, down $1.27. It had closed the session 42 cents lower at $43.46.
read more... 18/03/2015
Daily: WTI crude hits 6-year low on higher inventories, Iran talks
Crude oil declined 2 percent on Monday, with U.S. crude striking six-year lows, on signs of stronger output in the United States and Libya and an eventual nuclear deal that could put an end to sanctions for Iran. Brent's expiring front-month contract eased $1.23 to settle at $53.44 a barrel, touching a six-week low of $52.50 earlier. WTI crude futures dropped 96 cents to close at $43.88. It had slipped nearly $2 earlier to a March 2009 low of $42.85.
read more... 17/03/2015