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Daily: Crude oil futures diverge, with Brent up on British outage
Front-month Brent crude prices jumped on Thursday after a power outage cut production at Britain’s largest oil field and as the August contract was close to expiration. U.S. crude futures declined after giving up gains reacting to data from industry intelligence firm Genscape showing stronger crude stockpiles at the Cushing, Oklahoma hub. Expiring Brent August crude boosted 46 cents to close and go off the board at $57.51 a barrel, having touched $58.21. September Brent crude dropped 20 cents to hit $56.92, off its $58 intraday peak. U.S. crude for August delivery eased 50 cents to settle at $50.91, having fluctuated from $50.34 to $52.71.
read more... 17/07/2015
French minister limits EDF electricity price increases again
French Energy Minister Segolene Royal limited an intended increase in household power prices on Thursday, overruling regulatory endorsements designed to compensate electricity supplier EDF for earlier controls.
read more... 17/07/2015
Scotland gives the go ahead to a new wind farm
Scottish government gave the green light for the construction of a new 64.6 MW wind farm in the southern part, while at the same time rejecting the construction of another one.
read more... 16/07/2015
German EWE obtains offer for gas trading division VNG
German utility EWE has obtained an offer for its majority stake in eastern German gas transmission firm VNG AG, as it stated on Wednesday.
read more... 16/07/2015
Daily: European prompt power prices edge up on heatwave expectations
Crude oil declined by about 3 percent on Wednesday on forecasts that stronger exports from Iran will add to global oversupply and on increasing stockpiles at the delivery hub at Cushing, Oklahoma. Brent crude for August delivery dropped $1.46, or 2.5 percent, to close at $57.05 a barrel. The August contract expires on Thursday. WTI crude for August delivery shed $1.63, or 3 percent, to settle at $51.41.
read more... 16/07/2015