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Daily: British spot gas prices dip to lowest level since October on oversupply
Brent crude oil prices pared earlier steep losses on Tuesday as investors concerned that central banks, following Japan’s example, could begin to rein in their loose monetary policies. Meanwhile, Brent crude dropped 99 cents at $102.96 a barrel, after earlier losing more than $2. U.S. crude oil tumbled 39 cents to settle at $95.38 after briefly dropping to $94.04, declining below its 100-day moving average of $94.07.
read more... 12/06/2013
Spain to reduce subsidies to renewables
Spain government has recently announced it intends to reduce renewable subsidies by 10-20% by 21 June. The decision came following a meeting between representatives of Spanish and foreign banks and industry officials last month, when it was concluded that government subsidies increased the costs for the functioning of the nation's electrical system, and the costs of running the renewable systems have been higher than the amount of money generated by actual sales of power to households and businesses.
read more... 11/06/2013
Daily: Crude oil increases over $1 on strong equities, Middle East tension
Brent crude oil increased by more than $1 on Tuesday, encouraged by U.S optimism and signs of easier monetary policy from central banks which stimulated stock markets, while the intensification of tension in Middle East also contributed to oil support.
read more... 29/05/2013
Daily: Oil prices up above $116 on stimulus hopes
Oil prices continued to increase for a fourth consecutive day, above $116 per barrel, on hopes for further stimulus measures from central banks in the United States and Europe, and a sluggish restart in the Gulf of Mexico after Hurricane Isaac. By 08:27 GMT, Brent crude futures rose 30 cents to $116.08 a barrel, after reaching as high as $116.36 earlier in the session. Meanwhile, U.S. crude futures rose 53 cents to $97 a barrel from Friday's settlement. U.S. markets closed on Monday for the Labor Day holiday.
read more... 04/09/2012
Daily: Brent up on hopes for more stimulus measures from central banks
Crude oil stayed near three-month highs on Thursday, on worries over possible disruptions of supplies from the Middle East and a major decrease in U.S. oil stocks. Brent crude climbed by more than a third since end of June on worries over Iran’s nuclear programme and on investors’ hope for more stimulus measures from central banks. Brent crude was unchanged at 116 dollars per barrel by 11:07 GMT, while U.S. crude traded up 15 cents to 94.48 dollars per barrel.
read more... 16/08/2012