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Daily: Crude oil posts the sharpest weekly decline since January on resurgent dollar, rate hike concerns
Crude oil prices settled down on Friday, with Brent posting the largest loss in a week since January, as a recovering dollar and concerns about an U.S. rate increase draw away attention from the declining number of rigs drilling for oil in the United States. Benchmark Brent oil decreased by 75 cents, or 1.2 percent, to settle at $59.73 a barrel. It registered 4 percent slide on the week, its largest decline since the week ended January 9. U.S. crude dropped $1.15, or 2.3 percent, to close at $49.61 a barrel. It posted a slight loss on the week, for a third consecutive week of declines.
read more... 09/03/2015
German utility EWE thinks about sale of stake in gas company VNG
EWE AG, Germany's fifth-biggest utility by sales, is in negotiations to vend its stake in gas company VNG AG, a transaction that could bring 1.3 billion euros ($1.45 billion), as stated by two sources familiar with the deal.
read more... 06/03/2015
Daily: Crude oil prices tumble in a volatile trade, on stronger dollar, nuclear deal pursuit and supply concerns
Crude oil prices settled lower on Thursday on a volatile trade, as a stronger dollar and Washington’s pursuit of a nuclear deal with Tehran offset previous gains from supply concerns in Libya and Iraq. Brent dropped 7 cents to close at $60.48 a barrel, after soaring more than $1 earlier. U.S. crude declined 77 cents at $50.76, after rallying to $52.40 earlier.
read more... 06/03/2015
Daily: European power prices diverge, with German up and French flat
U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. Brent decreased 47 cents to close at $60.55 a barrel, after slipping more than $1.50 earlier.
read more... 05/03/2015
Czech Republic against carbon market reform before 2021
The Czech Republic opposes to hastening reform of the EU Emissions Trading System (ETS), but would sustain putting additional allowances into a reserve the European Commission has suggested as a possibility of consolidating the price of carbon allowances.
read more... 05/03/2015