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Daily: Crude oil prices diverge, with Brent up and WTI down 2 %
Crude oil prices diverged on Tuesday, with Brent ending up, while WTI lost 2 % after a partial pipeline outage and bets of upbeat U.S. stockpiles data which helped oil compensate some of Tuesday’s pessimistic sentiment due to weak inventories on Wall Street. Brent's front-month contract for November delivery rose by 16 cents, or 0.3 percent, to close at $49.08 a barrel. U.S. crude's October contract declined 85 cents, or 1.8 percent, to settle at $45.83 before expiring as the front month. The November contract decreased 60 cents to touch $46.46.
read more... 23/09/2015
Czech CEZ will think about purchasing Vattenfall
Czech electricity generator CEZ will think about bidding for lignite power plants in Germany put up for sale by Sweden's Vattenfall earlier on Tuesday, as stated by its chief financial officer.
read more... 23/09/2015
UK regulator to extend energy market investigation to June 2016
Britain’s Competition and Markets Authority (CMA) has prolonged the timetable for its probe into the country’s largest energy suppliers by six months to late June 2016 to allow it to consider responses to its initial findings in July.
read more... 22/09/2015
Daily: British day-ahead gas prices plunge at a three-week low on supply glut
Crude oil prices hiked on Monday, with WTI crude soaring more than 4% on signs of declining inventories, lower drilling activity that could slash future output and an increase in gasoline futures that spurred the overall petroleum complex. U.S. crude for front-month delivery rose $2, or 4.5 percent, to settle at $46.68 a barrel. The front-month in Brent boosted $1.45, or 3.1 percent, to close at $48.92.
read more... 22/09/2015
UK government offers $3bn guarantee to Hinkley Point C nuclear project
British government will provide 2 billion pounds ($3.1 billion) of initial support for a new nuclear power plant at Hinkley Point in southwest England, said UK Finance Minister George Osborne during a five day tour of China.
read more... 21/09/2015