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Daily: Oil retreats from 2015 high on dollar appreciation, record exports from Iraq
Crude oil prices retreated from 2015 highs on Friday after posting their largest monthly gains for six years in April as Iraq announced its oil exports hit a record in April and amid pressure from a dollar appreciation. Brent crude for June delivery dropped by 32 cents to settle at $66.46 a barrel. However, it posted a 21% increase in April. U.S. June crude eased 48 cents to close at $59.15, after recording a 2015 high of $59.90 and recovering from a $58.32 intraday low. U.S. crude futures boosted 25% last month. Both Brent and WTI crude traded thin as major markets were closed for the May Day holiday.
read more... 04/05/2015
Daily: Crude oil prices under pressure on concerns about record high in U.S. crude stockpiles
Crude oil prices were under pressure on Tuesday, with Brent ending lower and U.S. crude near flat, as concerns about a record high in U.S. crude stockpiles slashed gains from an early increase on security worries in the Middle East and a weak dollar. Brent crude declined by 19 cents, or 0.3 percent, to close at $64.64 a barrel, after soaring to as high as $65.49. WTI crude rose by 7 cents at $57.06, after trading to as high as $57.83.
read more... 29/04/2015
UK wind registered a record high of 4.6 GW in Q1
UK wind generation registered a record of 4.6GW in the first quarter of 2015, as indicated in a report.
read more... 27/04/2015
Daily: Oil prices drop since U.S. stockpiles seen increasing
Oil prices dropped on Tuesday on expectations of another increase in U.S. stockpiles and since Saudi Arabia maintains production near record highs, but prices stayed close to a 2015 peak attained last week.
read more... 21/04/2015
Daily: Crude oil prices plunge 6 percent on a record increase in U.S. stockpiles
Crude oil prices plunged 6 percent on Wednesday after rallying at the highest level this year, as a considerable jump in U.S. crude inventories and a record of crude oil production in Saudi Arabia swept away any speculation of sustained recovery. U.S. crude oil stockpiles rocketed 10.95 million barrels - three times more than expected - to a daily record of 482.39 million last week, according to U.S. government data, the largest one-week increase since 2001. WTI crude for May delivery slipped $3.56, or 6.6 percent, to close at $50.42 after ending at nearly $54 a barrel on Tuesday, the highest close since December 30. Brent crude for May delivery slipped $3.55, or 6 percent, to settle at $55.55 a barrel.
read more... 09/04/2015