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Daily: French prompt power prices jump on nuclear power plants outages
Crude oil prices diverged on Wednesday, with Brent crude increasing and WTI declining on Wednesday in agitating trading as both contracts slashed losses on uncertain outlook for interest rates by the Federal Reserve. Brent crude for August delivery boosted 17 cents to close at $63.87, having oscillating from $62.60 to $65.47 and ending back below its 50-day moving average of $64.16. U.S. crude for July delivery decreased by 5 cents to settle at $59.92, having fluctuated from $58.85 to $61.38.
read more... 18/06/2015
Daily: WTI crude oil edges up as Texas faces tropical storm
U.S. crude prices rallied on Tuesday as a tropical storm approached the oil-producing state of Texas, but global supply glut curbed gains and dragged down Brent futures. WTI crude for July delivery boosted 45 cents to close at $59.97 a barrel, having fluctuated from $59.42 to $60.37. Brent front-month August crude fell 25 cents to settle at $63.70, off its $64.41 intraday peak and below Brent's 50-day moving average of $64.01.
read more... 17/06/2015
Statoil to lay off up to 1,500 permanent employees amid crude oil price collapse
Norway’s state-controlled Statoil envisages cutting its workforce between 1,100 and 1,500 by end of 2016 as an effort to standardise, simplify and increase efficiency across the company.
read more... 17/06/2015
Daily: British prompt gas prices firm on higher demand, undersupply
Crude oil prices declined in agitated trading on Monday as the Greek debt crisis intensified concerns about demand for petroleum in Europe and as the U.N. launched talks to try to bring peace in Yemen, where Saudi Arabia, the de facto OPEC leader is engaged in a civil war. Expiring front-month Brent for July delivery lost $1.26 to settle at $62.61 a barrel. Brent for August delivery eased 69 cents to close at $63.95. WTI crude for July delivery decreased by 44 cents to settle at $59.52, after trading in a range of $58.73 to $59.98.
read more... 16/06/2015
Daily: Crude oil prices gain ground on declining U.S. drilling activity
Crude oil futures eased on 12 June amid worries about the global oversupply, but ended higher for the week, supported by falling U.S. drilling activity. Brent crude for July delivery contract declined by $1.24, or 1.9%, to settle at $63.87 a barrel on 12 June. Prices climbed by about 0.8% for the week. US crude for July delivery fell 81 cents, or 1.3%, to end at $59.96 a barrel on Friday. Prices posted a 1.4% increase on the week.
read more... 15/06/2015