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IEA report: Oil demand likely to reduce in 2017, non-OPEC countries seen rising production
The demand for oil is anticipated to decrease from 1.6 million barrels a day in 2016 to 1.4 million barrels a day in 2017 which will add more issues for the producers while they could try to increase prices, as indicated in the International Energy Agency report published earlier this week, based on the early 1st quarter indicators showing slowdowns in Japan, Germany, Korea and India in January 2017.
read more... 16/03/2017
Daily (14.03.2017): French spot power prices surge by 17% on higher demand
Crude oil prices posted modest changes on Monday, remaining under pressure from U.S. stocks which rose to record levels.
read more... 14/03/2017
Daily (08.03.2017): UK prompt gas prices pressured by comfortable supply, lower demand
Crude oil prices closed little changed on Tuesday, as growing U.S. production expectations counterbalanced earlier gains after Saudi Arabia’s oil minister declared market fundamentals are recovering.
read more... 08/03/2017
Daily (07.03.2017): European spot power prices spurred by high demand, tighter supply
Crude oil prices evolved differently on Monday, with Brent gaining ground and WTI crude falling slightly on reports that Iraq would participate in output reduction if OPEC extended oil production cuts into the second half of the year.
read more... 07/03/2017
Ofgem mulls reduction of subsidies for small-scale power producers
Britain's energy watchdog, Ofgem proposed on Wednesday to slash subsidies to some small-scale power producers that provide back-up electricity during peak demand.
read more... 01/03/2017