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Daily: Brent, U.S. crude prices rally to two-week highs on potential stockpiles draw
Brent crude rallied on Tuesday on strong U.S. crude and gasoline markets which offset the expectations of a potential rebound in Libyan oil output by 500,000 barrels per day. U.S. crude oil rose jumped over $1 a barrel to hit two-week highs on Tuesday as stocks of U.S. crude oil at Cushing dropped to their lowest levels since 2008 in the week to May 2.
read more... 14/05/2014
Daily: European spot power prices curbed by stronger wind power output
Brent crude oil dropped by more than $1 a barrel on Monday, dragged down by news that China’s manufacturing sector contracted for the fourth successive month in April and oil output in Libya was rebounding.
read more... 06/05/2014
Russia’s Rosneft in partnership with US Exxon to start output at LNG plant
Russia’s Rosneft, announced its collaboration with U.S. ExxonMobil in view to initiate production at its first liquefied natural (LNG) plant in 2018-2019, regardless of East-West conflicts over Ukraine.
read more... 02/04/2014
Daily: British gas drops to a nine-month on higher temperatures forecasts
Brent crude oil increased for a fourth consecutive session on Friday, posting its first weekly gain since February on optimistic U.S. economic data and worries that eventual Western sanctions on Russia’s energy sector could trigger output disruption in the world. Brent climbed 24 cents to end at $108.07 a barrel. U.S. crude increased by 39 cents a barrel to close at $101.67, after rebounding over $1 in each of the past two sessions.
read more... 31/03/2014
Total and Russia’s Lukoil are discussing a collaboration in shale projects
French oil major company Total and Lukoil have the intention to cooperate in shale gas projects since Russia employs unconventional resources to substitute decreasing output at mature fields in Siberia, as published in the Financial Times on Thursday.
read more... 28/03/2014