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Daily: Oil prices plunge 5 % as investors turn their attention to talks for a potential Iran nuclear deal
Crude oil prices declined 5 percent on Friday, wiping out the previous session’s gains, since it was less probable that Yemen’s conflict will cut Middle East crude shipments and investors turned their attention to talks for a potential Iran nuclear deal that could add supply on the market. Benchmark Brent and U.S. crude oil traded most of the session in a tight range, down about 2 percent, but they dropped considerably in late trading. Brent declined by $2.78 to settle at $56.41 a barrel. WTI crude slipped $2.56 to close at $48.87.
read more... 30/03/2015
Daily: French premium over German power prices extends on colder weather
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
Daily: British prompt gas prices decline on firmer supply from Norway
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 $55.92 per barrel.
read more... 24/03/2015
Denmark: increasing wind power will need more links
Boosting wind power further in Denmark will need to institute more international connections to aid deal with the volatility in supply from turbines, as stated by transmission system operator Energinet.dk on Friday.
read more... 23/03/2015
Daily: British prompt natural gas prices tumble as supply surpasses demand
Crude oil prices decreased on Thursday on the dollar appreciation and Kuwait’s statement that OPEC had no choice but to continue producing in an oversupplied market undermined the previous day’s hike. Benchmark Brent oil eased nearly 3 percent, while U.S. crude declined by almost 2 percent, weighed by the dollar's increase against most currencies. Brent lost 1.48$ 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