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Daily: Oil price increases on Canadian wildfire outages, markets observe Saudi restructuring
Oil prices rose on Monday since a huge wildfire in Canada's oil sand region blown away over a million barrels in daily production capacity, contributing to a major tightening of markets over the past weeks. The lost capacity equals to approximately a third of the country's usual daily production.
read more... 09/05/2016
Daily: European forward power prices rebound on higher fuels prices ahead of Ascension holiday
A larger-than-expected increase in U.S. crude stockpiles dragged oil markets down on Wednesday after an early hike over worries about output reductions in Canada’s oil sands region following a conflagration. U.S. crude futures close at $43.78 a barrel, up 13 cents or 0.30 percent, while Brent crude fell 35 cents or 0.78 percent, to settle at $44.62 a barrel.
read more... 05/05/2016
Daily: British spot gas prices decline on warmer weather, Rough outage
Oil prices tumbled for a second day on Tuesday, receding further from the year's highs reached the previous week, as increasing production renewed worries about the global glut of crude, the U.S. dollar recovered and equity markets weakened. Brent crude futures eased 86 cents, or 1.9 percent, to settle at $44.97 a barrel. U.S. crude's West Texas Intermediate (WTI) futures declined $1.13, or 2.5 percent, to close at $43.65.
read more... 04/05/2016
Daily: Crude oil rockets to 2016 high after API report release, gasoline hike
Crude oil prices attained 2016 highs on Tuesday, buoyed by a hike in the gasoline market and after API’s report showing an unexpected withdrawal in U.S. crude inventories. Brent and U.S. crude's West Texas Intermediate (WTI) futures closed the trading about 3 percent higher. Brent crude futures increased by $1.26 to settle at $45.74 a barrel. In post-settlement trade, it raised as much as $2.01 to a 2016 high of $46.49. U.S. crude futures edged $1.40 higher at $44.04. It added $2.19 in after-hours trade to hit a year-to-date high of $44.83.
read more... 27/04/2016
Controversial Hinkley Point nuclear project gets final go-ahead after three years of negotiations
France will give the green light for the construction of controversial £18bn Hinkley Point nuclear plant, as confirmed by rench economy minister Emmanuel Macron.
read more... 19/04/2016