Latest news
EU intensifies sanctions against Iran following nuclear program
The European Union tightened its restrictive measures against Iran, following the concerns about its nuclear program, after Iran refused to enter constructive talks with the United States and E.U.
read more... 24/05/2011
Daily energy Overview, Monday, May, 23, 2011
Crude oil futures ended higher on Friday after a very volatile session. U.S. crude for June delivery expired and traded at 99.49 dollars a barrel, up 1.05 dollars, after a trading range from 95.99 to 99.89 dollars, while ICE Brent crude for July delivery traded at 112.39 dollars a barrel, up 97 cents.
read more... 23/05/2011
The president of Tokyo Electric Power Co resigns in the middle of nuclear crisis
The head of Tokyo Electric Power Co. (TEPCO) announced on Friday that he will step down, following a huge financial loss, after the Fukishima nuclear plant disaster, damaged by the March tsunami in northeastern Japan.
read more... 23/05/2011
Daily energy Overview, Thursday, May 19, 2011
Daily energy Overview, Thursday, May 19, 2011 Oil prices surged on Wednesday after the weekly U.S. Energy Information Administration report indicated a drop in crude stocks and on an increase across commodities markets. U.S. crude for delivery in June traded at 100.10 a barrel, lifting 3.19 dollars, after a trading range from 97.46 and 100.99 dollars. Meanwhile, ICE Brent crude for July delivery settled at 112.30 dollars a barrel, up 2.31 dollars, after a trading range between 110.42 and 113.10 dollars.
read more... 19/05/2011
Daily energy Overview, Wednesday, May 18, 2011
U.S. crude oil futures traded higher in the post-settlement trading on Tuesday after API released data indicating a decrease in gasoline and distillates stockpiles last week disregarding forecasts for an increase of inventory levels. By 20:35 GMT, U.S. crude for June delivery settled at 97.38 dollars a barrel, up 11 cents.
read more... 18/05/2011