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Daily: European power prices rebound on recovering demand after the Easter holiday
Crude oil futures soared on Tuesday and U.S. crude jumped close to 2015 highs on optimistic jobs data and government predictions for weaker U.S. crude production growth and stronger demand for oil. The price of U.S. crude oil for May delivery boosted 3.5% to settle $53.98 a barrel, approaching the highest level in 2015 at $55.11 hit on January 2. Brent crude for May delivery on London’s ICE Futures exchange soared 98 cents to settle at $59.10, having fluctuated from $57.02 to $59.27, the highest level since March 26.
read more... 08/04/2015
Daily: British prompt natural gas prices tumble as supply surpasses demand
Crude oil prices decreased on Thursday on the dollar appreciation and Kuwait’s statement that OPEC had no choice but to continue producing in an oversupplied market undermined the previous day’s hike. Benchmark Brent oil eased nearly 3 percent, while U.S. crude declined by almost 2 percent, weighed by the dollar's increase against most currencies. Brent lost 1.48$ to end at $54.43 a barrel, after slipping $2 at one point. WTI crude slipped 70 cents to settle at $43.96, sliding more than $1.90 earlier.
read more... 20/03/2015
Italy’s electricity demand increased by 0.7% in February
Italy's electricity demand increased by 0.7 percent in February to 25.2 billion kilowatt hours from a year ago, after four months of declines, as stated by grid operator Terna on Friday.
read more... 09/03/2015
Daily: British prompt gas prices ease as Ukraine political risk lessens
Crude oil increased considerably on Friday, with Brent and U.S futures registered their first monthly gains since June, spurred by growing demand forecasts and supply outages. Brent crude boosted $2.53 to close at $62.58 a barrel, with its February’s 18 percent gain the largest monthly percentage increase since May 2009. WTI crude increased $1.59 to settle at $49.76, posting a 3.1 percent February gain.
read more... 02/03/2015
Daily: Crude oil fell sharply on increasing U.S. stockpiles
Crude oil futures dropped considerably on Thursday as increasing stockpiles in the United States pressured both Brent and WTI and countered expectations for rebounding demand. Brent crude for April delivery decreased by $1.58, or 2.56 percent, to settle at $60.05 a barrel, off a $62.63 intraday peak. On Wednesday, Brent rallied 5 percent. U.S. crude for April delivery declined by $2.82, or 5.53 percent, to close at $48.17, after soaring 3.47 percent on Wednesday.
read more... 27/02/2015