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Daily: European prompt power prices edge up on heatwave expectations
Crude oil declined by about 3 percent on Wednesday on forecasts that stronger exports from Iran will add to global oversupply and on increasing stockpiles at the delivery hub at Cushing, Oklahoma. Brent crude for August delivery dropped $1.46, or 2.5 percent, to close at $57.05 a barrel. The August contract expires on Thursday. WTI crude for August delivery shed $1.63, or 3 percent, to settle at $51.41.
read more... 16/07/2015
Siemens to supply technology to the largest CHP plant in Turkey
The German multinational Siemens will provide technology for Ciner Kazan Soda cogeneration plant, Turkey’s largest which will itself serve the world’s largest solution mining plant at Kazan in Ankara province.
read more... 15/07/2015
IEA: Crude oil prices set to continue the slowdown trend
Crude oil prices will continue to decline due to a massive supply glut, according to the International Energy Agency (IEA).
read more... 13/07/2015
Daily: British prompt gas prices edge up on weaker supply from Norway, cooler weather
WTI crude oil futures declined over 1 percent on Wednesday after an unexpected increase in inventories, while gasoline jumped on bets for strong fuel demand during the peak summer driving season. Brent rose 20 cents, or 0.4 percent, to settle at $57.05. U.S. crude's front-month contract fell 68 cents, or 1.3 percent, to close at $51.65 a barrel. It had slipped on Tuesday to touch $50.58, its weakest level since April 8.
read more... 09/07/2015
Daily: Crude oil plunges 8% on Greek vote to reject austerity measures
Crude oil prices plunged by about 8 percent on Monday, registering the largest selloff since five months, as Greece’s vote to reject tough economic bailout conditions and China's stock market woes trigged a deepening spiral of losses. The slump was also encouraged by a potential nuclear deal in Iran, which could result in supply glut on oil market. U.S. crude closed at $52.53 a barrel, down $4.40 or 7.7 percent, from its settlement on Thursday and below the 100-day moving average, the biggest percentage drop in a day since early February. Brent crude crashed $3.78, or 6.3 percent, to settle at $56.54, also below the 100-day average.
read more... 07/07/2015