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Daily: UK day-ahead gas drops on oversupplied system
Crude oil prices registered modest gains on Tuesday after a recent rally encouraged by optimistic global demand forecast and fresh concerns about Libyan oil exports.
read more... 22/01/2014
Daily: Brent crude slips below $106 per barrel on China figures, Iran nuclear deal
Brent crude dropped below $106 per barrel on Monday, dragged down by figures showing China's oil demand growth eased out further in 2013 and by news Iran had started implementing a nuclear deal with world powers, which could eventually enable more oil exports.
read more... 21/01/2014
Daily: European power prices trade higher on higher consumption amid cold snap
Brent crude oil overturned early losses on Friday after hitting a two-month low near $105 a barrel, but remained on track to close down for the week as traders assessed the likelihood of a sustained recovery in supply from Libya.
read more... 20/01/2014
China: oil demand to lowest level in 5 years
Because of easing economic growth, China's oil consumption in 2013 registered the slowest growth in five years. According to Reuters calculations, China's oil demand grew 1.6% in 2013, the weakest yearly growth in five years, while in December, when it burned roughly 10.06 million barrels per day of oil, it registered a decrease of about 7.5% in comparison to the same period of a year before. For the whole of 2013, oil demand was about 9.78 million bpd, about 150,000 bpd higher than 2012.
read more... 20/01/2014
Daily: Brent crude declines towards $106 on Iran initial deal
Brent crude dropped towards $106 a barrel on Wednesday, dragged down by a forecast of a rise in Iranian oil exports, while investors looked ahead to weekly oil stockpiles data from the United States to evaluate supply.
read more... 16/01/2014