Latest news

Daily: British spot gas prices ease on robust supply from Norway, weaker exports to the continent

Crude oil plunged on Tuesday, dragged down sharply by a rallying dollar, with Brent declining more than WTI as traders took profits on recent highs in Brent’s premium. Brent crude closed at $58.39 a barrel, down $2.14, and U.S. crude settled at $48.29, slipping $1.71.

read more... 11/03/2015


Daily: Crude oil prices recover on Israeli Prime Minister warning about a bad nuclear deal

Crude oil prices recovered on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned that the Obama administration was negotiated a bad nuclear deal with Tehran, which would almost guarantee nuclear weapons, while Libyan forces targeted oil terminals in the African nation. Brent crude front-month contract rose by $1.48, or 2.5 percent, to settle at $61.02 a barrel. It slipped nearly 5 percent on Monday, its biggest loss in a month. WTI crude increased by 88 cents at $50.47 a barrel, after it has lost ground earlier.

read more... 04/03/2015


Daily: Crude oil prices decline on speculations of Tehran nuclear deal

Brent crude futures declinde 5 percent on Monday on speculations of a sooner-than-expected nuclear deal for Tehran that could remove sanctions and increase its oil exports, intensifying concerns of robust supply back to the market. Boosting Libyan crude output and a stronger dollar also weighed on Brent. U.S. crude futures also dropped but only slightly, spurred by data suggesting a smaller-than-expected increase last week in the Cushing, Oklahoma delivery point for oil. Brent's front-month fell $3.04 to settle at $59.54. WTI crude decreased 17 cents to close at $49.59 a barrel.

read more... 03/03/2015


Daily: British prompt gas prices ease as Ukraine political risk lessens

Crude oil increased considerably on Friday, with Brent and U.S futures registered their first monthly gains since June, spurred by growing demand forecasts and supply outages. Brent crude boosted $2.53 to close at $62.58 a barrel, with its February’s 18 percent gain the largest monthly percentage increase since May 2009. WTI crude increased $1.59 to settle at $49.76, posting a 3.1 percent February gain.

read more... 02/03/2015


Daily: Crude oil fell sharply on increasing U.S. stockpiles

Crude oil futures dropped considerably on Thursday as increasing stockpiles in the United States pressured both Brent and WTI and countered expectations for rebounding demand. Brent crude for April delivery decreased by $1.58, or 2.56 percent, to settle at $60.05 a barrel, off a $62.63 intraday peak. On Wednesday, Brent rallied 5 percent. U.S. crude for April delivery declined by $2.82, or 5.53 percent, to close at $48.17, after soaring 3.47 percent on Wednesday.

read more... 27/02/2015