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Daily: British natural gas prices soar as robust demand surpasses supply
Crude oil prices dropped for a third consecutive day on Wednesday, as early rise was curbed by talks of an eventual OPEC output reduction and after the Federal Reserve unveiled minutes of previous month’s policy meeting, voicing its concerns that U.S. inflation could remain below target for "quite some time." Benchmark Brent crude oil declined 37 cents to settle at $78.10 a barrel, after gaining as much as 98 cents during the session. U.S. crude fell 3 cents to close at $74.61, after a session high at $75.40.
read more... 20/11/2014
Hungary: South Stream pipeline – the single way to guarantee gas supply
Hungary plans to initiate the construction of its stretch of the South Stream gas pipeline backed by Russia next year in spite of European and U.S. resistance since it considers the project as the single way to guarantee supply, as stated by a senior government representative.
read more... 20/11/2014
Daily: European power prices jump on colder weather forecasts, weak renewable supply
Brent crude boosted almost $2 a barrel on Friday for its sharpest daily gain in three weeks as a support came a day after prices plunged to four-year lows below $80. Brent's new front-month contract, for January delivery, settled at $79.41 from Thursday's $77.49. U.S. crude's front-month increased by $1.61 to close at $75.82 a barrel, after a four-year low at $73.25 and session high of $76.30.
read more... 17/11/2014
Russia signs second China gas agreement, but declining prices increase worries
Russia and China inked a framework accord for a gas supply deal at the weekend, but declining energy prices pressure on negotiations and might still compromise their plans.
read more... 11/11/2014
Daily: European power prices fell on robust renewable supply
Crude oil markets declined on Thursday following a one-day hike as concerns about strong supplies returned to pursue traders, while a dollar rally added to the pressure, weighting on commodities priced in the currency. At the settlement, Brent's front-month declined by 9 cents to trade at $82.86 a barrel, compared to its 90 cent- decline earlier in the day. U.S. crude close down 77 cents at $77.91, after slipping as much as $1.56 during the session.
read more... 07/11/2014