Latest news
Daily: UK gas increases on weaker pipeline flows, higher heating demand
Brent and U.S. crude oil futures boosted on Tuesday following OPEC’s monthly released report showing an optimistic outlook for the amount of crude that group experts have to produce in 2013 in order to keep supply and demand in equilibrium.
read more... 13/02/2013
OPEC downwardly revises demand for its crude oil in 2013
The Organization of Petroleum Exporting Countries (OPEC) is forecasting that the demand for its crude to slash because of an ample production from main competitors, showing that the inventories could significantly bolster despite a massive cut in output by top exporter Saudi Arabia.
read more... 17/01/2013
OPEC ready to cut oil production in 2013 amid oil prices drop
The Organization of Petroleum Exporting Countries (OPEC) announced this week that it will keep its oil output limit at 30 million barrels per day, with production running about 1 million barrels a day above the level of supply that OPEC expects the world will need from it next year. This decision was taken in reaction to higher output from the major consumer United States and a decrease of energy demand which will cause a fall of prices as predicted by some analysts.
read more... 14/12/2012
Daily: British gas prices dip despite cold weather
Brent and U.S. crude oil futures climbed in a choppy trading on Tuesday on news that OPEC‘s oil production decline in November and on a weaker dollar low support to oil prices. Meanwhile, Brent January crude climbed 68 cents, or 0.63 percent, to settle at $108.01 a barrel, having traded from $107.09 to $108.34. U.S. January crude futures gained 23 cents, or 0.27 percent, to settle at $85.79 a barrel, having traded from $85.21 to $86.37.
read more... 12/12/2012
Daily: Nordic power prices to fall in weekend on reduced consumption
Brent crude increased towards $111 on Friday, extending gains from a 1-1/2 month low reached in the previous session as Libya, Africa's third biggest producer and OPEC member has increased its oil production after last year’s revolution and on lower North Sea production which fed supply fears.
read more... 21/09/2012