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Daily: European forward power prices increase on firmer fuel markets
Crude oil prices lost ground on Monday, after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading toward balance were mitigated by weakening demand in Asia, gasoline oversupply and expectations that crude output could rise. Brent crude futures eased 25 cents to settle at $50.10 per barrel. U.S. crude futures fell 23 cents to close at $48.76 per barrel. The trading for U.S. crude was thin as markets were closed on Monday for the U.S. Independence Day holiday.
read more... 05/07/2016
Daily: Crude oil hikes 3 percent as Brexit fears ease
Crude oil prices rallied 3 percent on Monday, increasing for a second consecutive day, after an opinion poll showing lower possibility of Britain to exit the European Union, while U.S. gasoline hiked 5 percent in anticipation of peak summer spurring demand. Brent contract for August delivery rose $1.48, or 3 percent, to settle at $50.65 a barrel. U.S. crude's West Texas Intermediate (WTI) futures climbed $1.39, or 2.9 percent, to close at $49.37 a barrel for the July front-month. The WTI contract for August delivery, the new front-month contract from Wednesday, rose by 3 percent to end at $49.96.
read more... 21/06/2016
Daily: Crude oil prices fell 3% on U.S. oil rig count increase
Crude oil prices closed down 3 percent on Friday after figures indicating the U.S. oil rig count bounding for a second consecutive week and the appreciating dollar weighted on demand for greenback-denominated crude futures. Brent's front-month eased $1.41 to close at $50.54 a barrel, declining 2.7 percent for its largest drop in a month. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost $1.49 to $49.07, down 3 percent, marking the largest decline since early April.
read more... 13/06/2016
IEA sees reduced global gas demand increase to 2021
Increase in natural gas demand will reduce to an average 1.5 percent a year worldwide through 2021, since stagnation in Europe and doubts about Chinese consumption offsets robust growth in India, as stated by the International Energy Agency (IEA) on Wednesday.
read more... 09/06/2016
Daily: European spot electricity prices firm, while forwards decline tracking weaker coal
Crude oil futures boosted on Wednesday, attaining 2016 highs above $50 a barrel and closing up for a third consecutive day on worries about sabotage oil facilities in Nigeria, although an increase in U.S. gasoline inventories amid peak summer demand could drag down prices. Brent crude rose by $1.07 to end at $52.51 a barrel. It prolonged gains in post-settlement trade, hitting $52.60 a barrel by 3:55 p.m. EDT (1955 GMT), and the highest level since October. WTI crude futures climbed 87 cents, or 1.7 percent, to close at $51.23 a barrel. The session peak was $51.34, the highest level since July.
read more... 09/06/2016