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Daily: European power prices increase tracking gains in coal and carbon prices
WTI crude oil reversed earlier gains on Monday, dropping more than $1 and Brent crude also declined as U.S. dollar rally outweighed concerns about conflicts in Libya and Ukraine. U.S. front-month crude futures slipped as low as $77.20 before settling at $77.40 per barrel, down $1.25. Brent crude also closed down more than $1 per barrel at $82.34.
read more... 11/11/2014
Daily: European power prices fell on robust renewable supply
Crude oil markets declined on Thursday following a one-day hike as concerns about strong supplies returned to pursue traders, while a dollar rally added to the pressure, weighting on commodities priced in the currency. At the settlement, Brent's front-month declined by 9 cents to trade at $82.86 a barrel, compared to its 90 cent- decline earlier in the day. U.S. crude close down 77 cents at $77.91, after slipping as much as $1.56 during the session.
read more... 07/11/2014
Statoil awarded with stakes in 12 new UK licenses
Norwegian energy firm Statoil declared on Thursday it had won stakes in 12 new licenses on the UK Continental Shelf.
read more... 07/11/2014
Daily: European coal prices plunge to more than 7-year low on supply glut
Crude oil prices climbed on Wednesday, with Brent recovering from a four-year low, as traders reacted to gossip of a pipeline explosion in Saudi Arabia and upbeat news related to U.S. crude inventories. Benchmark Brent oil settled up 13 cents at $82.95 a barrel. U.S. WTI crude rebounded $1.49 to settle at $78.68 a barrel.
read more... 06/11/2014
Daily: Crude oil prices decline as Saudi cuts price for U.S. customers, soars others
Crude oil dropped by as much as $2 a barrel in the final minutes of regular trade on Monday, attaining new lows in New York as Saudi Arabia intensified price cuts for U.S. customers. Brent crude quickly turned positive on news that Saudi company Aramco had increased their monthly selling prices to Asia and Europe. Brent crude declined as low as $84.18 per barrel, but closed at $84.78. U.S. crude prices traded at its lowest level since mid-2012 as Aramco also cut its prices for U.S. customers. WTI crude hit a low of $78.14 per barrel, its lowest level since June 2012, before ending down $1.76 at $78.78.
read more... 05/11/2014