05272016Fri
Last update: Fri, 27 May 2016 05pm

Europe

Markets - Energy - Europe

EU carbon prices rise 6 pct on energy complex, German price plans LONDON: European carbon prices rose 6 percent on Thursday, buoyed by gains across the energy complex and a draft document suggesting Germany could seek to introduce a domestic minimum carbon price.The Dec-16 contract traded at 6.50 euros a tonne, up 0.36 euro on Wednesday's close.Copyright Reuters, 2016 ...

Markets - Energy - Europe

Oil pares gains as US crude stocks post bigger build LONDON: Oil prices pared gains on Wednesday as a bigger than expected gain in US crude stocks tempered concerns about reduced production in Canada's oil sands region due to a wildfire. US crude stocks grew by 2.8 million barrels in the last week, versus expectations of a 1.7 million barrel build, Energy Information Administration data showed. Gasoline stocks also posted a surprise increase. The development limited concerns over evacuations in the Canadian province of Alberta, ...

Markets - Energy - Europe

Oil firms before US inventories LONDON: Oil prices rose Wednesday before the release of US inventories data, but a pick-up in the dollar and rising Iranian crude output limited gains, analysts said.Crude closed lower for the third straight session Tuesday on renewed worries about a global supply glut as the United States and China released disappointing manufacturing data indicating ongoing weaknesses in the two economic giants.Traders are waiting for the release later Wednesday of US weekly stockpiles data, which is ...

Markets - Energy - Europe

Oil rises above $45 after slide, Canada wildfire supports LONDON: Oil rose above $45 a barrel on Wednesday as reduced production in Canada's oil sands region due to a wildfire pushed aside concern about excess global supplies and expectations of rising US crude inventories. The Canadian province of Alberta was evacuating the entire population of Fort McMurray where a wildfire was taking hold in the heart of the country's oil sands region, prompting some companies to cut output. Brent crude was up 71 cents ...

Markets - Energy - Europe

Oil drops as higher output stokes concern over supply glut LONDON: Oil fell on Tuesday as rising output from the Middle East renewed concerns about global oversupply while economic data painted a negative backdrop for the outlook for demand. Brent crude futures were trading 40 cents lower at $45.43 a barrel at 1234 GMT, retreating from earlier gains. US crude futures were down 53 cents at $44.25 a barrel. Iraq said its oil shipments from southern fields averaged 3.364 million barrels per day (bpd) in ...

Markets - Energy - Europe

West African oil sailing east down in May on cooled Chinese buying LONDON: Chinese loadings of West African crude oil fell back from 19-month highs in May as delivery delays, port congestion and full tanks scuppered interest from private oil refineries, according to a Reuters survey of shipping fixtures and traders on Tuesday.China's bookings of West African crude fell to 981,000 barrels per day (bpd) for May loading, down from a 19-month high in April of 1.14 million bpd. Traders had warned for weeks that logistical bottlenecks ...

Markets - Energy - Europe

Russian oil output down in April, but still close to record MOSCOW: Russian oil output fell slightly to 10.84 million barrels per day (bpd) in April, Energy Ministry data showed on Monday, as production declined at large energy firms Lukoil, Gazprom Neft and Gazprom .Two sources close to the ministry had told Reuters that production would edge down in April because of seasonal maintenance at oilfields and refineries.Russian oil output hit its highest in nearly 30 years in March at 10.91 million bpd.Leading global oil producers ...