Brent crude futures traded above $107 a barrel on Friday, as a cold snap in the United States boosted demand for heating oil and dragged down the country's stockpile of crude and distillates. Brent crude climbed 6 cents to $107.64 a barrel by 07:56 GMT, ending 69 cents lower in the previous session following weak manufactory activity figures from China, the world's second-largest oil consumer. Meanwhile, U.S. oil rose 24 cents to $97.56, extending gains after settling 59 cents up.
read more... 27/01/2014
Crude oil prices registered modest gains on Tuesday after a recent rally encouraged by optimistic global demand forecast and fresh concerns about Libyan oil exports.
read more... 22/01/2014
The Netherlands announced that it will curb gas production from the Groningen gas field by 15% to 20% per year amid concerns of local residents about earth tremors.
read more... 21/01/2014
A new report from National Journal, said that some countries of Eastern Europe intend to reduce dependence on Russian energy, while forming a group to lobby Washington to ease export restrictions, in a move which will allow them to acquire the fuel from the United States.
read more... 20/01/2014
European utilities are progressively giving up on gas power generation and have shelved or closed more than 21 gigawatts (GW) of capacity last year, worth an estimated €6bn, according to a research showed on Friday, following the impact of weak coal prices and slowed economies.
read more... 17/01/2014