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Daily: Brent crude settles up on uncertainty after Saudi king’s death
Brent crude increased on Friday supported by market uncertainty over the future Saudi oil production following the death of King Abdullah bin Abdulaziz, placing renewed focus on the kingdom’s oil policy. Meanwhile, WTI crude declined on signs of supply glut. Brent crude inched up 27 cents to close at $48.79 a barrel, while U.S. crude dropped 72 cents to settle at $45.59.
read more... 26/01/2015
Yamal LNG inks agreement with Gazprom to vend LNG in Asia
A trading division of Russian gas producer Yamal LNG has inked a long-term supply deal with a trading division of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be vended in Asia, as stated by Yamal LNG on Friday.
read more... 26/01/2015
Daily: European forward power prices rally to a four-session high
Global oil prices pared a two-day loss and increased by about 2 percent on Wednesday on expectations that prices will rebound as energy companies slashed production investment to ease an oversupply that erased more than half crude’s value since June. Brent crude boosted $1.04 to settle at $49.03 a barrel, while WTI crude climbed $1.31 to close at $47.78 a barrel.
read more... 22/01/2015
Independent UK energy provider Ecotricity to reduce gas prices
IIndependent British energy provider Ecotricity, specialized in supplying renewable electricity and gas to households, will reduce gas tariffs by 6.1 percent from May 1, passing on a cut in wholesale prices.
read more... 22/01/2015
Daily: European coal import prices prolong their downturn trend
Global oil prices posted their largest hike in two-and-half years on Wednesday, recovering from a nearly six-year low as traders alienated from the bearish pressures of a worldwide oversupply to cover themselves on expiring options. Brent crude boosted $2.10, or 4.5 percent, to close at $48.69 a barrel, in its strongest daily percentage gain since June 2012. The benchmark reached a low of $45.19 on Tuesday, the weakest level since March 2009, amid U.S. stocks build-up and a persistent global supply glut. WTI crude oil settled at $48.48, boosting $2.59, or 5.6 percent, the biggest gain since August 2012.
read more... 15/01/2015