Community Editor for European power, gas and coal
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Jul 16, 2015

Oil prices rise after U.S. stock draw, but outlook still bearish

SINGAPORE, July 16 (Reuters) – Oil prices rose on Thursday
morning after data showed that U.S. crude inventories dropped
and refinery demand was high, although the outlook remains for
cheap oil as oversupply persists.

U.S. crude inventories fell 4.3 million barrels last week,
according to the Energy Information Administration (EIA), as
refineries boosted throughput to a record level.

Jul 16, 2015

Oil prices rise after U.S. stock draw, high refinery demand

SINGAPORE (Reuters) – Oil prices rose on Thursday morning after data showed that U.S. crude inventories dropped and refinery demand was high.

U.S. crude inventories fell 4.3 million barrels last week, according to the Energy Information Administration (EIA), as refineries boosted throughput to a record level. [EIA/S]

Jul 15, 2015

Oil prices edge up as Iran export surge to take time after deal

SINGAPORE, July 15 (Reuters) – Oil prices rose on Wednesday
as investors recognised it would take time for Iran to ramp up
oil exports after its nuclear deal with six world powers,
although an ongoing global crude glut kept a lid on gains.

Under the nuclear deal reached on Tuesday, sanctions imposed
by the United States, the European Union and the United Nations
are to be lifted in exchange for curbs on Iran’s nuclear
programme. While oil prices initially fell on the news, they
recovered later as it became apparent the deal would not
immediately lead to a flood of new supply.

Jul 15, 2015

Iran’s oil comeback may be later than sooner, but will still add to glut

SINGAPORE (Reuters) – A day after an Iran nuclear deal was finally reached oil prices edge higher as investors recognised it would take time for Tehran to raise output, but the eventual increase in its exports will add fuel to a market already plentifully supplied.

Under the agreement, sanctions imposed by the United States, the European Union and the United Nations are to be lifted in exchange for curbs on Iran’s nuclear programme.

Jul 15, 2015

European coal prices drop as demand ebbs, Asia also faces downward pressure

SINGAPORE, July 15 (Reuters) – European physical coal prices
spent most of the first two weeks of July in decline as demand
ebbed, and imports by major Asian buyers also slowed in line
with economic growth in the region.

In Europe, August physical cargoes into Amsterdam, Rotterdam
or Antwerp (ARA) were last settled at $58.10 per tonne, down
almost $2 since the beginning of July.

Jul 15, 2015

Oil prices edge up as Iranian exports to take time to ramp up post-deal

SINGAPORE, July 15 (Reuters) – Oil prices rose on Wednesday
as traders expect a delay in Iranian crude supplies returning to
the market after Tehran and six world powers reached a nuclear
compromise, but analysts said prices would still remain low due
to oversupply.

Under the agreement, sanctions imposed by the United States,
the European Union and the United Nations are to be lifted in
exchange for curbs on Iran’s nuclear program.

Jul 14, 2015

Oil prices fall as Iran nuclear deal seems imminent

SINGAPORE (Reuters) – Oil prices dipped early on Tuesday as the market awaited an announcement on a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase of its oil exports.

Sources present at the talks in Vienna, Austria, said that an announcement was likely to be made in the early hours of Tuesday.

Jul 13, 2015

Oil prices fall as Iran nuclear deal seems likely

SINGAPORE (Reuters) – Oil prices opened up lower on Monday as Iran and six world powers were close to nailing down a nuclear deal, while Greece and its creditors failed to find a bailout agreement over the weekend.

The potential of Iran soon adding to global oil oversupply and the demand side weakening over China and Europe led several analysts to say that crude would fall further.

Jul 10, 2015

Oil prices rise on China stocks rebound, Greek deal hopes

SINGAPORE (Reuters) – Oil prices rose on Friday on hopes that the Greek debt crisis could be resolved and as Chinese stocks rebounded, but analysts said bigger jumps were unlikely as global crude production remained high.

Greece has tabled a cash-for-reforms proposal to creditors, raising hopes that a deal could be reached this weekend.

Jul 10, 2015

Oil prices rise as China’s stock rebound continues, Greece proposes deal

SINGAPORE, July 10 (Reuters) – Oil prices rose on Friday on
hopes that Greece could soon resolve its debt crisis and as
Chinese shares opened up higher, but analysts said dramatic
gains were unlikely as global production levels remained high.

Greece has tabled a cash-for-reforms proposal to creditors,
raising hopes that a deal could be reached this weekend.

    • 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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