Community Editor for European power, gas and coal
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Jul 6, 2015

Oil prices tumble after Greece vote, China stock market turmoil

SINGAPORE (Reuters) – Oil prices fell sharply on Monday after Greece rejected bailout terms and as China rolled out emergency measures to prevent a full-blown stock market crash, adding to worries about poor demand growth amid global oversupply.

The result of the Greek referendum put in doubt its membership in the single currency, pulling down the euro on Monday against the dollar.

Jul 6, 2015

Oil prices tumble after Greek no vote to bailout, China stock market turmoil

TOKYO/SINGAPORE, July 6 (Reuters) – Oil prices fell sharply
in early trading on Monday after Greece rejected austerity
measures demanded in return for bailout money and as China
rolled out an unprecedented series of steps over the weekend to
prevent a full-blown stock market crash.

In a referendum on Sunday, Greeks overwhelmingly rejected
austerity measures demanded in return for bailout money, putting
in doubt its continued place in the single currency and pulling
down the euro in early trading on Monday.

Jul 3, 2015

Oil prices drop on rising U.S. rig count, China stock market probe

SINGAPORE (Reuters) – Oil prices dropped on Friday on ongoing concerns of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation that also dragged on other commodities.

Front-month U.S. crude futures CLc1 were trading at $56.54 per barrel at 0038 GMT, down 39 cents from their last settlement.

Jul 2, 2015

Oil prices stabilize after sliding on U.S. stock build

SINGAPORE (Reuters) – Oil prices were broadly unchanged from their previous close in early trading on Thursday after tumbling 4 percent a day earlier as U.S. stockpiles rose for the first time in months on the back of high production.

Following Wednesday’s drop, front-month U.S. crude futures were trading at $56.95 per barrel at 0015 GMT, down 1 cent from their last settlement.

Jul 1, 2015

Heatwave pushes up European coal prices

SINGAPORE, July 1 (Reuters) – European coal prices rose over
the past week as a heatwave buoyed power demand, while
Australian prices were pulled down due to slower purchases by
key Asian importers.

Meteorological data in Thomson Reuters Eikon showed
aggregate average temperatures in Germany, France, Austria and
Switzerland would reach 25 degrees Celsius on Wednesday, six
degrees above the seasonal norm, and rise further to 29 degrees
by Saturday to remain above the norm until mid-July.

Jul 1, 2015

Oil prices drop as Greece defaults and output soars

SINGAPORE, July 1 (Reuters) – Oil prices fell on Wednesday
after Greece became the first developed economy to default on a
loan with the International Monetary Fund and as both U.S. and
OPEC production hit new records.

Greece, as expected, was not able to repay 1.6 billion euros
it owed to the IMF, in what was the largest missed payment in
the Fund’s history.

Jul 1, 2015

Oil prices drop after Greece defaults on IMF payment

SINGAPORE, July 1 (Reuters) – Oil prices fell in early
trading on Wednesday after Greece became the first developed
economy to default on a loan with the International Monetary
Fund.

Greece, as expected, was not able to repay 1.6 billion euros
it owed to the IMF, in what was the largest missed payment in
the Fund’s history.

Jun 17, 2015

Australian coal prices rise as scorching Asian heat pushes up demand

SINGAPORE, June 17 (Reuters) – Australian coal prices have
risen almost 8 percent since the beginning of June as a drought
in South Asia pushes up power demand, although the overall
sentiment in the sector remains bearish due to falling imports
by other major Asian buyers.

Coal prices for prompt physical delivery from its Newcastle
terminal have risen 7.85 percent since the
beginning of the month to a last settlement of $62.50 a tonne.

Jun 17, 2015

Oil prices edge up as U.S. stocks, production seen falling

SINGAPORE, June 17 (Reuters) – Crude prices were virtually
unchanged in early Asian trade on Wednesday as firm demand met
strong output, with the market waiting for U.S. storage figures
later in the day.

Front month U.S. crude was trading at $60.12 per
barrel at 0642 GMT, up 15 cents from its last settlement.

Jun 17, 2015

Oil prices stable as strong fuel demand meets high production

SINGAPORE (Reuters) – Crude prices were virtually unchanged in early Asian trade on Wednesday as firm demand met strong output, with the market waiting for U.S. storage figures later in the day.

Front month U.S. crude was trading at $60.05 per barrel at 2128 ET, up 8 cents from its last settlement.

    • About Henning

      "Henning Gloystein is Community Editor for European power, gas and coal in London. Before joining Thomson Reuters, he was Deputy Director for Markets and Strategy at the London-based environmental market consultancy IDEAcarbon, and Team Leader for European Power Markets at Platts. Before moving to London in 2007, Henning worked as a freelance reporter and photographer for German and Latin American broadsheets and magazines, with assignments in Colombia, East Timor and Turkey. Henning has a Master’s degree in History and Politics from Humboldt University in Berlin."
      Languages:
      English, German, French, Spanish
    • More from Henning

      Publications:
      Three Borders
      Athena Press, 2007
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