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Daily: European forward power prices plunge along loses in fuel, carbon prices
Oil markets increased on Friday to stop a two-day decline, aided by expectations that data later in the day would demonstrate a constant drop in the U.S. oil rig count, a clear sign of the pressure the fall in crude has put on crude producers.
read more... 20/02/2015
Gazprom: 2015 budget to be fulfilled with oil at $40/barrel
Gazprom, Russia's gas producer owned by State, will be able to achieve its 2015 budget even with oil at $40 per barrel, as stated on Wednesday by Andrei Kruglov, the chief financial officer.
read more... 19/02/2015
Daily: Crude oil price rally stops on robust supplies estimates
Crude oil prices stopped their hike on Wednesday, with prices declining 5 percent or even more after traders and investors were awestruck by the latest estimates for U.S. supply builds that overtook nearly five times the market expectations.
read more... 19/02/2015
Canada imposes fresh sanctions on oil giant Rosneft, Rostec CEO
Canada has imposed new sanctions against Russian oil conglomerate Rosneft and Rostec CEO, Sergei Chemezov, blaming Russia for military backing of the separatists in eastern Ukraine.
read more... 18/02/2015
Daily: Brent crude hits the 2015 peak at $63 a barrel
Crude oil settled up on Tuesday, prolonging earlier gains from this week, with Brent crude soaring to a 2015 peak of $63 a barrel as a short-covering came back to a market depressed earlier by concerns over euro zone stability. Risks to Middle East crude production and the decline of U.S. oil rig count added further spur to the market. Brent oil's front-month contract for April delivery rose by $1.13 to settle at $62.53 a barrel, recovering from the day's low of $60.27. The session peak of $63 was the highest level since December 18. WTI price for March climbed 75 cents to close at $53.53, against an intraday low at $50.81.
read more... 18/02/2015