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Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Daily: German forward electricity price up from 3 1/2 month low
Crude oil fell on Monday as the multi-week hike was spurring revitalization in already bloated U.S. shale supplies, even as the government expected less output in June from the fastest-growing fields. Brent crude futures declined by 48 cents to settle at $64.91. WTI crude futures dropped 14 cents to close at $59.25 a barrel.
read more... 12/05/2015
Daily: European power prices decline on higher renewable output
Brent crude rallied to a 2015 high before closing down with WTI crude on Monday after the Saudi Arabia considered halting bombing in Yemen, easing concerns about oil supply from the Middle East. A stronger U.S. dollar also weighed on commodity. Brent crude hit the year's high of $67.10 before settling down just a penny at $66.45 a barrel. Brent was thinly traded as a public holiday in Britain had limited trading volumes. WTI crude declined 22 cents to close at $58.93.
read more... 05/05/2015
Daily: European prompt power prices mixed with German spot up on lower wind output
Crude oil prices were mixed on Wednesday with European benchmark Brent ending up on continuing unrest in Yemen, while WTI crude closed down after the release of EIA ‘s report showing stockpiles have increased much more than expected last week. Brent crude rose 65 cents to settle at $62.73 a barrel after the White House declared the situation in Yemen remained precarious and more effort is needed to be done in the region. U.S. crude slipped 45 cents to close at $56.16 a barrel.
read more... 23/04/2015
Daily: European spot power prices diverge on weaker French nuclear, stronger German wind output
Crude oil futures boosted on Tuesday on evidence of declining oil production in North Dakota, depreciation of dollar and turmoil in the Middle East, especially in Yemen. Brent crude firmed by 50 cents to settle at $58.43 a barrel, ahead of Wednesday's May contract expiration, closing just above its $58.40 100-day moving average. WTI crude for May delivery climbed $1.38 to close at $53.29, soaring above its 100-day moving average of $52.96.
read more... 15/04/2015