WTI crude oil prices hiked by 4 % on Thursday, spurred by traders’ focus on solid U.S. demand for gasoline which eclipsed news of increased U.S. stockpiles of crude. WTI crude futures rose by $1.77, or 4.0 percent, to settle at $45.92 a barrel. Brent crude, the global benchmark for oil, boosted by $1.20, or about 2.5 percent, to close at $49.70 a barrel.
read more... 11/09/2015
Ukraine hopes to get $200 million from the International Finance Corporation to aid finance natural gas acquisitions before winter, as stated by central bank chief Valeria Hontareva on Wednesday.
read more... 10/09/2015
E.ON, the biggest utility in Germany, is likely to abandon its plans to spin off its German nuclear plants, saying that will record a substantial net loss for the year, due to low power prices.
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Poland might launch a power capacity market in 2016 to aid Eastern Europe's major economy avoid electricity shortages since higher consumption puts pressure an old grid, as stated by a minister on Wednesday.
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Crude oil declined nearly 4 percent on Wednesday, dragged down by robust supply and worries about demand being slashed slowing economic growth. Oil futures prolonged losses as U.S. equities turned lower after economic stimulus outlook from China spurred stock markets in Japan and Europe. Brent crude declined by $1.94, or 3.92 percent, to settle at $47.58 after boosting 4 percent in the previous session. U.S. crude lost $1.79, or 3.9 percent, to settle at $44.15, having declined on Tuesday as trading restarted after the Monday's Labor Day holiday.
read more... 10/09/2015