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Daily: WTI crude posts a premium to Brent for the first time since August 2010
The U.S. crude oil benchmark on Tuesday posted a premium to its global equivalent for the first time in more than five years, partly supported by the lifting of a four-decade ban on U.S. oil exports and pessimistic bets before the year-end made by analysts. Futures on Brent crude declined 24 cents, or 0.7%, to end at $36.11 a barrel on London’s ICE exchange, while futures for February delivery of West Texas Intermediate crude climbed 33 cents, or 0.9%%, to settle at $36.14 a barrel. WTI closed above Brent on August 16, 2010.
read more... 23/12/2015
The most used energy sources in the world
The world’s most used energy sources based on the share of each source to global energy consumption in the past five decades according to BP’s assessments is listed by Energy Business Review.
read more... 22/12/2015
Four groups present preliminary offers for Vattenfall German plants
Four energy conglomerates counting three from Czech Republic placed initial bids for German lignite-burning power plants, mines and hydro power stations put on sale by Swedish state utility Vattenfall on Friday, as stated by investors and sources close to the matter.
read more... 22/12/2015
Demchyshyn: Ukraine to purchase Russian gas only at below $200 in 2016
Ukraine is ready to buy gas from Russia in Q1 2016 only if prices are reduced to under $200 per 1,000 cubic meters, Energy and Coal Industry Minister of Ukraine Volodymyr Demchyshyn has said.
read more... 22/12/2015
Daily: Brent crude collapses to 11-year low on weaker demand for heating oil
Brent crude oil plunged to its lowest price in more than 11 years on Monday, as demand for heating oil declined on warmer-than-normal temperatures. Brent's premium over U.S. crude narrowed further after President Barack Obama passed a law on Friday that will lift a 40-year ban on U.S. crude oil exports. U.S. crude futures rose 1 cent to settle at $34.74 a barrel in the last day of trading on the January contract, before slipping slightly in post-settlement trading. Brent futures collapsed 53 cents to end at $36.35, drooping as much as 2 percent during the session to a low of $36.04, their weakest since July 2004.
read more... 22/12/2015