Latest news
Russian companies interested in Poland’s Lotos.
As Poland’s treasury minister announced last week their intention in selling their stake of Lotos, Russian companies showed their interest in buying it, as announced by the Deputy Prime Minister Igor Sechin.
read more... 08/12/2010
Daily Energy Market Overview, Tuesday, December 7, 2010
Oil was up above $90 a barrel reaching its 26-month high on Tuesday on a lower dollar and cold wave increasing fuel demand.
read more... 07/12/2010
New Brazil oil law.
Brazil’s lower house approved a new law which gives the government more control over the deepwater reserves off the country’s coast.
read more... 07/12/2010
Energy Market Overview, Monday, December 06, 2010
Oil eased from a 26-month high near $90 on Monday on a stronger dollar counterbalancing the upward trend due to cold weather. By 12:27 GMT, WTI crude fell 16 cents at $89.03, after being traded as high as $89.76 earlier in the session, the highest intraday since October 9, 2008, while Brent crude shed 9 cents to $91.33.
read more... 06/12/2010
Oil prices climb again as macroeconomic data show improvement.
Hopes over an improving economy followed oil prices surge on declining jobless claims by 34,000 to 407,000 last week, the new U.S. government data regarding consumer revenues increase of 0.5 percent and consumption growth of 0.4 percent, which added to the bullish trend of the benchmark oil price for January delivery as it gained $2.33 to $83.58 a barrel on the New York Mercantile Exchange.
read more... 03/12/2010