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Daily: European forward power prices plunge along loses in fuel, carbon prices
Oil markets increased on Friday to stop a two-day decline, aided by expectations that data later in the day would demonstrate a constant drop in the U.S. oil rig count, a clear sign of the pressure the fall in crude has put on crude producers.
read more... 20/02/2015
Hungary can utilize gas from Russian accord over next 4-5 years
Hungary will employ the remaining gas in its supply agreement with Russia over the next four to five years and like this evade having to pay 3 billion euros for the unexploited gas once the contract expires at the end of 2015, according to the Prime Minister Viktor Orban.
read more... 19/02/2015
Hungary seals favorable gas deal with Russia, defying Europe, protests
Hungary and Russia sealed a natural gas deal, during the official visit Tuesday by Russian President Vladimir Putin to Hungary.
read more... 18/02/2015
Daily: Brent crude hits the 2015 peak at $63 a barrel
Crude oil settled up on Tuesday, prolonging earlier gains from this week, with Brent crude soaring to a 2015 peak of $63 a barrel as a short-covering came back to a market depressed earlier by concerns over euro zone stability. Risks to Middle East crude production and the decline of U.S. oil rig count added further spur to the market. Brent oil's front-month contract for April delivery rose by $1.13 to settle at $62.53 a barrel, recovering from the day's low of $60.27. The session peak of $63 was the highest level since December 18. WTI price for March climbed 75 cents to close at $53.53, against an intraday low at $50.81.
read more... 18/02/2015
Daily: European spot power prices jump on cold spell, weaker wind supply in Europe
Crude oil prices were little changed on Monday after hitting the highest level since nearly two months, as the dollar appreciation following the collapse of Greek debt negotiations helped to offset intensifying violence in Libya and worries about exports from Kurdistan. Brent futures fell 3 cents to hit $61.49 a barrel by 3 p.m. EST after touching an intra-day peak of $62.57 a barrel. U.S. March crude futures were flat at $52.78 a barrel. There was no settlement on Monday due to a U.S. public holiday, with Monday’s activity to be registered on Tuesday.
read more... 17/02/2015