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Daily: Crude oil down more that 3% on stronger dollar, supply glut concerns
Crude oil declined more than 3 percent on Tuesday, with WTI crude prolonging losses for a fifth consecutive day as the dollar firmed and on news that the Unites States and top oil exporter Saudi Arabia were pumping a bigger quantity that needed. Brent crude declined by $2.25 to settle at $64.02 a barrel, while U.S. crude's front-month contract fell $2.17 to end at $57.26.
read more... 20/05/2015
Daily: European spot power prices firm on rebounding French, German demand
Crude oil decreased on Monday as a stronger dollar and worries of increasing oversupply weighted on the market after Saudi Arabia announced its highest crude exports since November 2015. Brent crude lost 54 cents to settle at $66.27, after hitting a high of $67.88. U.S. crude futures dropped 26 cents to close at $59.43 a barrel.
read more... 19/05/2015
Poland’s PGNIG files lawsuit against Gazprom claiming lower prices
PGNiG, Poland’s largest gas distributor has filed a lawsuit against Gazprom and Gazprom Export in the Stockholm arbitration court, claiming favourable gas terms similar to the European gas market.
read more... 15/05/2015
Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Ukraine doubles its gas imports from Russia in May
Russia announced it will double natural gas deliveries to Ukraine since the beginning of May after the countries prolonged a temporary agreement on pricing, while exports to European countries also increased, as shown by figures.
read more... 07/05/2015