Brent crude oil dropped over $1 to below 108 a barrel on Monday and was headed for its first monthly fall since May, as tensions over Iran attenuated and a potential U.S. government shutdown eclipsed the outlook for demand. Brent declined 83 cents to $107.80 a barrel by 09:50 GMT, set for a 5.5-percent monthly drop. Meanwhile, U.S. crude was down $1.09 at $101.78 a barrel.
read more... 01/10/2013
Last week China has announced that it will ban the construction of new coal power plants in three regions near Beijing, Shanghai and Guangdong, in a move which aims to reduce the consumption of coal below 65% of total power generation by 2017, in comparison to 70% currently, and to reduce country’s air pollution.
read more... 30/09/2013
Brent crude jumped on Tuesday in heavy spread trading as market players focused on the alleviation of tensions between Iran and the West. Front-month Brent crude for November delivery increased by 48 cents to settle at $108.64. Meanwhile, November U.S. crude decreased by 46 cents to close at $103.13 a barrel.
read more... 25/09/2013
Crude oil prices declined on both sides of the Atlantic, down more than $1 per barrel on Monday, despite bullish economic data from China and Europe, as higher crude production from Iraq and a possible lessening in U.S.-Iran relations increased the supply panorama. Brent crude for November delivery eased $1.06 to settle at $108.16 per barrel, after hitting a session low of $107.76. Meanwhile, U.S. crude for November declined $1.16 to $103.59 a barrel. Brent's premium over U.S. crude settled at $4.57, little changed from Friday's close of $4.55.
read more... 24/09/2013
Brent crude increased over $108 a barrel on Wednesday after crude oil inventories in the U.S. declined to the lowest level since March 2012. Meanwhile, Brent boosted 24 cents to $108.43 a barrel by 14:50 GMT, after falling to its lowest in more than a month in the previous session and U.S. crude rose 81 cents to $106.23, after slipping $1.17 per barrel on Tuesday.
read more... 19/09/2013