Brent crude oil eased on Tuesday as the dollar regained ground against the euro and the concerns about global supply glut persisted while WTI crude was spurred by optimistic domestic economic figures. Brent futures for May delivery closed at $55.11 per barrel, down 81 cents. U.S. crude oil boosted 6 cents to settle at $47.51.
read more... 25/03/2015
Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.
read more... 24/03/2015
Boosting wind power further in Denmark will need to institute more international connections to aid deal with the volatility in supply from turbines, as stated by transmission system operator Energinet.dk on Friday.
read more... 23/03/2015
Crude oil prices decreased on Thursday on the dollar appreciation and Kuwait’s statement that OPEC had no choice but to continue producing in an oversupplied market undermined the previous day’s hike. Benchmark Brent oil eased nearly 3 percent, while U.S. crude declined by almost 2 percent, weighed by the dollar's increase against most currencies. Brent lost 1.48$ 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
Russia's Gazprom has signed an agreement to aid supply Egypt with its first liquefied natural gas (LNG) imports, as declared by the oil ministry on Tuesday, in a deal that could be estimated at approximately $1 billion at existing market prices.
read more... 19/03/2015