Energy News Results

  • EUROPE POWER-Upgraded German wind power forecast weighs on Monday prices

    German power prices for delivery next Monday fell in Friday trading on the European wholesale market on expectations of increased German and French wind supply. Germany's Monday baseload power price fell to 196.50 euros per megawatt hour as of 1032 GMT, down 5.5% from Friday. The equivalent French price shed 4.7% to 198 euros/MWh.

  • Oil steadies as economic growth worries counter supply risks

    Oil prices steadied on Friday, setting them on course for little change on the week, as a planned European Union ban on Russian oil balanced concerns that slowing economic growth will hurt demand.

  • Oil settles up as supply risks outweigh economic worries

    Oil prices settled slightly higher on Friday as a planned European Union ban on Russian oil and easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt demand. Brent futures for July delivery rose 51 cents, or 0.5%, to $112.55 a barrel. WTI notched its fourth straight week of gains, which it last did in mid-February.

  • Oil steady as economic worries offset possible China demand rise

    Oil prices were little changed on Friday as worries about weaker economic growth offset expectations that crude demand could rebound in China as Shanghai lifts some coronavirus lockdowns. Brent futures for July delivery fell 36 cents, or 0.3%, to $111.68 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude fell 36 cents, or 0.3%, to $111.85 on its last day as the front-month.

  • U.S. power and natgas prices soar during spring heatwave

    U.S. spot power and natural gas prices soared on Thursday to their highest a year or more in several parts of the country as consumers cranked up air conditioners to escape an early spring heatwave.

  • Eight hurt in explosion at S.Korea's S-Oil refinery- Yonhap

    - At least eight people were hurt in a blast at S-Oil Corp's Onsan refinery in Ulsan, South Korea on Thursday, the Yonhap news agency reported https://en.yna.co.kr/view/AEN20220519011051320?section=news. S-Oil is the country's third-largest refiner and its main shareholder is Saudi Aramco.

  • U.S. power and natgas prices soar during spring heatwave

    -U.S. spot power and natural gas prices soared on Thursday to their highest a year or more in several parts of the country as consumers cranked up air conditioners to escape an early spring heatwave.

  • Oil falls 2% on Powell comments, hopes for Venezuela supply

    After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela's government, raising hopes that the market could see some additional supplies. Prices also fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.

  • Oil rebounds from two days of losses in volatile trade

    Oil prices rebounded from two days of losses in a volatile session on Thursday, bolstered by weakness in the dollar and expectations that China could ease some lockdown restrictions that could boost demand. Crude benchmarks continued their spate of wild swings, with both Brent and U.S. crude rising by nearly $5 a barrel in the span of a few hours, recovering from losses earlier in the week.

  • Oil falls 2.5% as U.S. refiners ramp up output, equities retreat

    Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower. Brent crude futures for July settled down $2.82, or 2.5%, at $109.11 a barrel.

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