- September 18th, 2017
Oil Holds Advance Near $50 as U.S. Drillers Idle More Crude Rigs
Oil held gains near $50 a barrel as the U.S. rig count dropped the most since January after a record expansion earlier this year. ›
Oil held gains near $50 a barrel as the U.S. rig count dropped the most since January after a record expansion earlier this year. ›
European spot electricity prices for early next week delivery rose on Friday, driven by a projected fall in wind power generation and firm demand. ›
Prompt British wholesale gas prices rose on Friday morning, as cool weather boosted demand while prices on the curve slipped on weaker oil and coal. ›
Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United States gathered pace and the outlook for demand took on a firmer tone. ›
European forward power prices continued to rally Thursday as EUA carbon allowances jumped again, extending their gains so far this month to 30%, with generating fuels coal and gas also moving higher and coal into Europe trading at a fresh 42-month-high. ›
British spot gas prices fell on Thursday as stronger deliveries from Norway and brisk withdrawals from underground storage sites created an oversupplied system. ›
Oil held gains near a five-week high as the International Energy Agency and OPEC boosted crude demand forecasts. ›
German year-ahead power climbed 1 percent to 35.4 euros ($42.39) a megawatt hour (MWh) on Wednesday, a new 3-1/2 year high, as related fuels and carbon prices turned positive. ›
Wholesale gas prices rose on Wednesday due to a slightly undersupplied system and rising carbon prices, said traders, as Norwegian flows remained at low levels. ›
Oil traded near $48 a barrel as the International Energy Agency forecast the strongest demand growth in two years, while OPEC was said to discuss prolonging output cuts further into 2018. ›