Community Editor for European power, gas and coal
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Apr 17, 2015

Brent crude oil prices fall as OPEC production soars

SINGAPORE, April 17 (Reuters) – Brent crude oil prices fell
over a dollar on Friday, ending a run of rallies earlier in the
week, after OPEC said that its output surged in March, adding to
a global glut.

The Organization of the Petroleum Exporting Countries (OPEC)
said that its March production jumped 810,000 barrels per day
(bpd), to 30.79 bpd which is equivalent to a third of global
supply.

Apr 17, 2015

Oil prices fall as OPEC production soars

SINGAPORE (Reuters) – Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut.

The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped 810,000 barrels per day (bpd), to 30.79 bpd which is equivalent to a third of global supply.

Apr 16, 2015

Brent crude hits 2015 highs as U.S. production slows

SINGAPORE, April 16 (Reuters) – Brent crude oil hit 2015
highs above $63 per barrel on Thursday after a rally of more
than 5 percent the previous session and analysts said more price
rises were likely despite market oversupply.

Front-month Brent crude futures rose above $63 a
barrel for the first time this year on Wednesday, although they
had dipped back to $62.96 by 0413 GMT on Thursday. U.S. crude
was at $56.23 after hitting a 2015 high of $56.69 on
Wednesday.

Apr 16, 2015

Oil prices close to 2015 highs but market remains oversupplied

SINGAPORE (Reuters) – Brent crude oil prices opened at their highest level since February and close to 2015 highs in early Asian trading on Thursday after a near 6 percent rally the previous session, but analysts warned that the market remains oversupplied.

Oil prices jumped steeply on Wednesday after U.S. inventories built up more slowly than expected and talks between major oil producers this week triggered speculation of production cuts, although most analysts said these were currently unlikely.

Apr 15, 2015

Oil prices rise after signs of U.S. output dip, but investor interest fades

SINGAPORE (Reuters) – Brent crude oil prices rose by a dollar on Wednesday after signs of a dip in U.S. production, but gains were capped by Chinese quarterly growth slowing to a six-year low and by ebbing investor interest in commodities.

Front-month Brent crude futures LCOc1 were up a dollar at $59.43 a barrel by 0705 GMT, while U.S. crude CLc1 climbed 65 cents to $53.69.

Apr 15, 2015

Oil prices rise after signs of U.S. production dip

SINGAPORE, April 15 (Reuters) – Oil prices rose in early
Asian trading on Wednesday after signs of a dip in U.S.
production, but trading was cautious ahead of an anxiously
awaited reading on China’s growth pulse.

Front-month Brent crude futures were trading up 42
cents a $58.85 a barrel by 0141 GMT, while U.S. crude had
risen 38 cents to $53.67.

Apr 14, 2015

Oil prices rise on expected dip in U.S. shale output

SINGAPORE, April 14 (Reuters) – Crude prices rose on Tuesday
on expectations U.S. shale oil output will record its first
monthly decline in over four years, but analysts warned that the
broader market remained oversupplied.

Front-month Brent crude futures were trading up 52
cents a $58.45 a barrel by 0332 GMT, while U.S. crude had
risen 63 cents to $52.54.

Apr 14, 2015

Oil prices rise on expected U.S. shale production dip

SINGAPORE (Reuters) – Crude prices rose on Tuesday after the U.S. Energy Information Administration said it expected U.S. shale oil output to record its first monthly decline in over four years.

Front-month Brent crude futures were trading up 34 cents a $58.27 a barrel by 0106 GMT, while U.S. crude had risen 31 cents to $52.22.

Apr 13, 2015

Oil edges up as financial traders bet on higher prices

SINGAPORE (Reuters) – Oil prices edged up in early Asian trading on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in U.S. drilling.

Front-month Brent crude futures rose 18 cents to $58.05 a barrel by 08:06 p.m. EDT. U.S. crude was up 9 cents at $51.73.

Apr 9, 2015

Iron ore in fresh crisis as forward prices crumble

SINGAPORE, April 10 (Reuters) – Iron ore is veering to a new
crisis as prices for future delivery of the commodity slide 30
percent in the space of a month, and its outlook is now more
bearish than oil and more dire than ever for miners struggling
to just stay in business.

Prices of the steel-making ingredient for immediate delivery
have slumped 60 percent over the past year as demand
particularly from China slowed rapidly.

    • 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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