Latest news
Oil production in Russia decreased by 0.8%
Oil production in Russia declined from 10.14 million barrels in July to 10.06 million barrels in August, according to the Energy Ministry.
read more... 02/09/2010
Daily Energy Market Overview 09.01.2010
US High fuel stocks data made oil slip back below $75 mark. US October contracts were traded at $74.68 per barrel, while ICE Brent fell 34 cents at $76.31.
read more... 01/09/2010
Russia opens the section of the pipeline transporting oil to China
Russian oil sector obtained a new market for its oil with the opening of the East Siberian-Pacific Ocean oil pipeline.
read more... 01/09/2010
Oil price increases towards $72 after the release of the inventories data
The price of crude for October delivery increased to $71.9 after the release of the inventories data and the worries concerning a double-dip decline, caused by the depressing housing data.
read more... 26/08/2010
Oil prices next to 72 dollars in Asia on economic concerns
Prices of oil in Asia dropped to $72 per barrel on Tuesday, local markets seeing a decrease following the worries concerning the tempo of the global economic recovery.
read more... 25/08/2010