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Daily: Crude oil prices rally for the third consecutive day on OPEC forecasts for larger crude demand
Crude oil rebounded for a third consecutive session on Monday on OPEC’s forecasts for stronger demand for this year than previously thought and on expected lower supply from countries outside the producer cartel. Benchmark Brent oil futures rose by 54 cents, or nearly 1 percent, to close at $58.34 a barrel, after jumping to $59.61 at one point. WTI crude futures increased by $1.17, or 2.3 percent, to close at $52.86 after a session peak at $53.99.
read more... 10/02/2015
Daily: European prompt power prices tumble on prolonged cold snap
Crude oil prolonged losses on Wednesday, reversing a four-session gain after U.S. crude stockpiles soared to a record high, posting the global oversupply back into focus. U.S. crude futures eased 8.7 percent, to close at $48.45 a barrel, recording its biggest one-day percentage decline since November 28, 2014. Brent crude plunged $4 to settle at $54 a barrel, having traded as high as $59 a barrel on Tuesday.
read more... 05/02/2015
Daily: British prompt natural gas prices soar on short supply, cold weather
Crude oil prices soared again on Monday, as some investors bet that a bottom had created to the seven-month long strip on the market even as others remained pessimistic. Benchmark Brent and U.S. oil futures oscillated in a range of about $4 a barrel, one of their largest in weeks, as near-term technical signals showed further gains, while fundamental figures continued to pose an impact on the market. Brent rose by $1.76, or 3.3 percent, to settle at $54.75 a barrel, fluctuating between a session peak of $55.62 and a low of $51.41. WTI crude increased $1.33, or 2.8 percent, to close at $49.36 a barrel, oscillating between $50.56 and $46.67.
read more... 03/02/2015
Gazprom will make an investment of around $500 million in Kyrgyzstan in 2015-2017
Russian state gas producer Gazprom will spend approximately 34 billion roubles ($495 million) in 2015-17 to improve and develop gas infrastructure it purchased in Kyrgyzstan and guarantee stable gas supply, as stated by Gazprom CEO Alexei Miller on Friday.
read more... 30/01/2015
OMV, Gazprom modify gas supply contract stipulations
Austrian energy conglomerate OMV and Russian natural gas exporter Gazprom have decided to modify a long-term deal for gas supplies, as stated by OMV on Wednesday, but no more details have been disclosed.
read more... 29/01/2015