Latest news
Daily: European year-ahead coal prices at the lowest level in five years
U.S. oil futures settled higher on Wednesday following the publication of government data indicating an unexpected low increase in crude stockpiles and one more significant drawdown at the American benchmark's delivery hub, at Cushing, Oklahoma. Meanwhile, Brent prices were flat on concerns over slower growth in China, as its debt has reached record levels.
read more... 27/02/2014
Daily: Crude oil plummets on Chinese economy downturn, increase in U.S. crude inventories
Crude oil prices ended lower on Tuesday, dragged down by signs of a downturn in Chinese economy and an increase in U.S. crude inventories for the second consecutive week. However, Brent crude losses were capped by endless production outage in Libya and South Soudan, whereas U.S. light crude was pulled down by plummeting gasoline future prices amid weaker demand for the fuel.
read more... 26/02/2014
Daily: Forward prices of European power settled down on warm weather, sluggish supply
Brent crude oil settled up on Monday, spurred by output blackouts in Libya and South Soudan which slashed exports and restrained global supply.
read more... 25/02/2014
Shell vends Australian assets to Swiss Vitol for $2.9 billion
Oil major company Shell has vended Australian Geelong oil refinery, located south of Melbourne, and 870 filling stations to Swiss top global oil trader Vitol for $2.9 billion.
read more... 24/02/2014
Daily: German power prices drop on stronger solar power output
Crude oil prices settled down on Friday, lightly washing out their sixth consecutive week of gains, dragged down by milder temperatures in U.S. after a cold snap, causing a selloff in heating oil.
read more... 24/02/2014