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Daily: Oil prices soar on dollar depreciation, military operations in Yemen, speculative buying
Crude oil soared by about 3 percent on Wednesday, spurred by the dollar depreciation, military operations in Yemen triggered by Saudi Arabia and speculative buying in spite of American inventories building to record highs. Benchmark Brent oil rose by $1.37, or 2.5 percent, to settle at $56.48 a barrel. It had hit $57.17 earlier. U.S. crude boosted $1.70, or 3.6 percent, to close at $49.21 a barrel. The session peak was at $49.46.
read more... 26/03/2015
Daily: European spot power prices diverge with German prices up, French down
Crude oil prices tumbled again in post-settlement trade on Tuesday after a 3-day consecutive loss, as Industry group American Petroleum Institute (API) reported a considerable increase in U.S. crude stocks ahead of official data. Benchmark Brent oil had earlier ended up for the session, spurred by a weaker dollar and short-covering, while U.S. crude settled down on bets that inventories hit record highs for a 10th consecutive week. Brent crude for May delivery settled the session at $53.51, up 7 cents from Monday. WTI decreased to as low as $42.61 a barrel post-settlement, down $1.27. It had closed the session 42 cents lower at $43.46.
read more... 18/03/2015
Daily: Brent crude jumps, WTI eases, extending gap after inventories record high in the United States
Benchmark Brent oil increased by 2 percent on Wednesday, recovering from a one-month low and extending its gap to WTI crude, which settled slightly down after a new record high for oil stockpiles in the United States. Brent crude for front-month delivery boosted $1.15 to close at $57.54 a barrel, rebounding from a one-month low under $56. Much of the gains came in the last hour of trade, when Brent rocketed almost 70 cents within seven minutes. U.S. crude for April delivery lost 12 cents to close at $48.17.
read more... 12/03/2015
E.ON: solar operations in Italy sold to private infrastructure fund F2i SGR
E.ON has vended its Italian solar activity to the private infrastructure investment fund manager F2i SGR. F2i has a remarkable track record in the solar operations in Italy and is dedicated to the long-term future of the business.
read more... 20/02/2015
Daily: European prompt power prices tumble on prolonged cold snap
Crude oil prolonged losses on Wednesday, reversing a four-session gain after U.S. crude stockpiles soared to a record high, posting the global oversupply back into focus. U.S. crude futures eased 8.7 percent, to close at $48.45 a barrel, recording its biggest one-day percentage decline since November 28, 2014. Brent crude plunged $4 to settle at $54 a barrel, having traded as high as $59 a barrel on Tuesday.
read more... 05/02/2015