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Daily: British natural gas prices sank on supply glut, high stockpiles
Brent crude oil prices plunged to a three-month low on Thursday to strike is lowest level since mid-2012, dragged down by intensifying concerns over weak demand, supply glut and signs that Saudi Arabia is in no rush to curb output. Brent crude for November delivery also closed well off the day's low, dropping 74 cents to settle lower at $93.42. It earlier slipped to $91.55, its lowest level since June 2012. U.S. crude for November delivery recovered 28 cents at $91.01 per barrel, after earlier tumbling to $88.18, its lowest intraday level since April 2013, on data showing a 1.7 million-barrel drop in Cushing stockpiles.
read more... 03/10/2014
Daily: Brent crude closes flat, WTI crude increases on bullish economic data
Brent crude futures ended unchanged on Friday as growing supply and worries about weak demand for oil in Europe and China reduced concerns about the Middle East conflicts, while U.S. crude rallied on bullish economic data from the United States. Brent crude for November delivery settled flat at $97 a barrel, having fluctuated from $96.46 to $97.50, while U.S. November crude rose by $1.01 to settle at $93.54 a barrel.
read more... 29/09/2014
Germany: Wind turbine manufacturer Nordex expects increased sales, margins by 2017
German wind turbine producer Nordex predicts its annual sales to increase by approximately 40 percent and operating profit margin to have more than doubled by 2017 because of a mix of cost reductions, innovative products and rising demand in European markets.
read more... 25/09/2014
German EEX envisages French equal Powernext, concentrates on gas
Germany's European Energy Exchange (EEX) intends to take over French equal Powernext, according to a demand filed with the German competition regulator, in a move that could permit them to compete Britain as the region's foremost gas trading hub.
read more... 23/09/2014
Daily: Brent drops back under $98 on lower demand, abundant supply
Brent crude dropped under $98 a barrel on Monday, a decrease for the third session in four, since lower demand and plentiful supplies outweighed a potential halt in oil production from the Organization of the Petroleum Exporting Countries (OPEC).
read more... 22/09/2014