Russian gas exporter Gazprom declared on Thursday it had obtained a $15 million prepayment from Ukrainian state energy company Naftogaz, avoiding a possible disruption in supply, at least for a few days.
read more... 06/03/2015
Crude oil prices settled lower on Thursday on a volatile trade, as a stronger dollar and Washington’s pursuit of a nuclear deal with Tehran offset previous gains from supply concerns in Libya and Iraq. Brent dropped 7 cents to close at $60.48 a barrel, after soaring more than $1 earlier. U.S. crude declined 77 cents at $50.76, after rallying to $52.40 earlier.
read more... 06/03/2015
Brent crude futures declinde 5 percent on Monday on speculations of a sooner-than-expected nuclear deal for Tehran that could remove sanctions and increase its oil exports, intensifying concerns of robust supply back to the market. Boosting Libyan crude output and a stronger dollar also weighed on Brent. U.S. crude futures also dropped but only slightly, spurred by data suggesting a smaller-than-expected increase last week in the Cushing, Oklahoma delivery point for oil. Brent's front-month fell $3.04 to settle at $59.54. WTI crude decreased 17 cents to close at $49.59 a barrel.
read more... 03/03/2015
Asian spot liquefied natural gas (LNG) prices have re-established a premium over competing European benchmarks, reversing a month-long tendency, since Atlantic markets sucked up further supply generating deficits elsewhere.
read more... 03/03/2015
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