All
 

 

Just in:  

You are here: Home»Markets»Energy»Europe

Europe

Archive

Oil slips towards $64, oversupply weighs LONDON: Oil slipped towards $64 a barrel on Thursday and within sight of a five-year low, pressured by signs that already ample supply will be even more plentiful in 2015.Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, U.S. crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut.North Sea Brent crude gave up an earlier gain and was down 1 cent at $64.23 by 1450 GMT. It fell to $63.56 - the weakest since July 2009 - on Wednesday. U.S. crude, which also hit a five-year low on Wednesday, lost 21 cents to $60.73."We may see some technical bounces, but it is too soon to speak of a sustainable price recovery," said Carsten Fritsch, analyst at Commerzbank, which on Thursday cut its 2015 Brent price forecast to $73 a barrel from $82.Brent has ...

UK gas prices down on more Norwegian supply than expected LONDON: British wholesale natural gas prices fell on Thursday morning in reaction to an oversupplied system and after the duration and volume impact of Norwegian gas field outage was reduced.Prices for next-day delivery fell by 0.55 pence to 54.50 pence per therm at 0840 GMT, while within-day gas was also down 0.55 pence at 54.35 pence per therm.The UK gas system was around 13 million cubic metres oversupplied on Thursday, with flows forecast at 304.7 ...
Oil edges up toward $65, traders see more downside LONDON: Oil edged higher on Thursday towards $65 a barrel helped by a weaker U.S. dollar, although prices remained close to a five-year low on signs that already ample supply will be even more plentiful in 2015.Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, U.S. crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut.North Sea Brent crude ...
OPEC cuts 2015 demand forecast for its oil to lowest in a decade LONDON: Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) forecast demand for the group's oil will drop to 28.92 million barrels per day (bpd) ...
Oil hits new five-year low on U.S stock build, OPEC LONDON: Brent crude oil fell to a new five-year low below $65 a barrel on Wednesday on mounting signs of oversupply and lacklustre demand as global economic growth falters.The price of the North Sea oil benchmark has fallen more than 40 percent since June as new supplies of high-quality crude from North America have fed a glut of fuel in many parts of the world.Data from the U.S. Energy Information Administration showed U.S crude oil ...
Oil prices drop before US data LONDON: Oil prices slid on Wednesday, but avoided new lows, as dealers awaited US stockpiles data for an indication of demand in the world's biggest consumer of crude. US benchmark West Texas Intermediate for delivery in January shed $1.06 to $62.76 a barrel.Brent North Sea crude for January lost 80 cents to stand at $66.04 in London midday deals compared with Tuesday's close. Both contracts fell to five-year low points on Tuesday before rebounding late ...
UK GAS-Day-ahead prices nudge higher on looming supply cut LONDON: Day-ahead natural gas prices in Britain rose on Wednesday, with scheduled maintenance on the Norwegian Continental Shelf (NCS) likely to reduce gas supplies from Norway on Thursday.Prices for delivery on Thursday rose 0.7 pence to 55.5 pence per therm at 0930 GMT"There is scheduled field maintenance tomorrow on an NCS field, with a volume impact of 16 million cubic metres a day (mmcm/d). This is likely to impact Norwegian deliveries to the UK market," ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln