Latest news
Daily Energy Market Overview, Tuesday, January 25, 2011
The U.S. crude stocks increased more than expected last week. Crude inventories went up by 2.1 million barrels last week as compared to the forecasted increase of 1.2 barrel, according to the Reuters report. According to the API data, U.S. crude futures eased 1.67 dollars to 86.20 dollars a barrel in the post settlement trade.
read more... 26/01/2011
Daily Energy Market Overview, Tuesday, January 25, 2011
U.S. crude oil stockpiles increased last week as imports rose and refinery use had little changed after dropping the week before. The latest increase was caused by the continuing downturn in refinery use and the return to normal work of the Alaskan pipeline. Allowances for U.S. refined petroleum products increased last week by almost 12 percent on average.
read more... 25/01/2011
Daily Energy Market Overview, Friday, January 21, 2011
According to the Energy Information Administration on Thursday, the U.S. crude oil inventories increased last week for the first time in seven weeks, pushing oil stocks up. Domestic crude stocks increased by 2.62 million barrels to 335.7 million barrels during the week as compared to expectations of 600.000 barrel, while crude imports went up 104.000 barrels per day to 8.97 million barrels per day.
read more... 21/01/2011
The “big six” energy suppliers in UK increased their profit margins to 50% over the cold season
After an investigation performed by Ofgem in November last year, they found out that six major energy suppliers from U.K. increased their profit by 50% during the cold season.
read more... 20/01/2011
Daily Energy Market Overview, Tuesday, January 18, 2011
Oil prices dropped on Monday following a stronger dollar and as main Alaskan oil pipeline became entirely operational after supply disruptions during more than a week, while an OPEC report indicated that the market was well supplied.
read more... 18/01/2011