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Daily: European forward power prices rally to a four-session high
Global oil prices pared a two-day loss and increased by about 2 percent on Wednesday on expectations that prices will rebound as energy companies slashed production investment to ease an oversupply that erased more than half crude’s value since June. Brent crude boosted $1.04 to settle at $49.03 a barrel, while WTI crude climbed $1.31 to close at $47.78 a barrel.
read more... 22/01/2015
Daily: European power prices diverge, with French increasing on stronger demand
Crude oil declined as much as 5 percent on Tuesday after the International Monetary Fund curbed its 2015 global economic forecast and key oil producer Iran insinuated prices could fall to $25 a barrel without supportive OPEC action.
read more... 21/01/2015
Gazprom Neft to continue expanding its portfolio in Russian Arctic
Gazprom Neft, a branch of Gazpromneft Sakhalin, has been granted subsoil-use rights to two licence blocks in the Russian Arctic.
read more... 20/01/2015
Daily: Crude oil down $1 on economic concerns in China, Iraqi oil output record
Brent crude oil prices slipped below $49 a barrel and U.S. crude also declined more than $1 on Monday on pessimistic global economic outlook and as Iraqi oil production hit a record.
read more... 20/01/2015
Daily: Crude oil prices started to recover after seven weeks of losses on IEA reports
Crude oil prices started to recover for the first week in eight after prices received a strong boost from a report by the International Energy Agency (IEA) saying that signs of weaker prices started to reduce production in some regions, including North America. WTI crude rose by 2.44$ to close at 48.69$ a barrel, while Brent futures for March delivery boosted by 1.90$ to settle at $50.17.
read more... 19/01/2015