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Daily: British prompt gas prices firm as Belgium halt tightens supply
Brent futures traded near $111 a barrel on Tuesday as supply concerns intensified again, with investors assessing the milestone deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member.
read more... 27/11/2013
Daily: Brent and WTI prices up for third session on supply concerns
Brent and WTI crude oil prices rose for a third consecutive session on Tuesday following worries about supplies from OPEC nations Libya and Iraq.
read more... 14/08/2013
Daily: European power prices trade higher on thermal plant outages
Brent crude traded under $109 per barrel on Tuesday following overnight gains which were backed by supply concerns in OPEC nation Libya, while investors were pending for U.S. economic data due later this week. Brent crude was steady at $108.96 a barrel, at 01:29 GMT unchanged from its close in the previous session, while U.S. crude oil dropped 13 cents at $105.98 a barrel.
read more... 13/08/2013
Daily: Brent trades steady below $108 after retreating from three-month peak
Brent crude remained unchanged below $ 108 a barrel on Friday, after retreating from a three-month high in the previous session as the expectations of more supply from non-OPEC producers and concerns about China's demand growth cut gains. Meanwhile, Brent crude for August delivery dropped 8 cents to $107.65 a barrel by 04:58 GMT, after hitting a low of $107.28. U.S. crude traded at $104.84, down 7 cents, remaining on track for a third weekly increase. It registered a considerable decline in nearly three weeks on Thursday after touching a 16-month high at $107.45, following fears of a supply squeeze at the contract's delivery point in Cushing, Oklahoma, eased on a pipeline outage.
read more... 15/07/2013
The need for OPEC oil to decline in 2014 due to shale boom in America
The Organization of Petroleum Exporting Countries (OPEC) has estimated that in 2014 world oil demand will see a significant grow, by about 1.04 million barrels per day, an augment of about 300,000 barrels if compared with the growth predicted for 2013, representing the biggest increase in demand since 2010.
read more... 11/07/2013