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Iran and China to keep oil prices high
Crude oil market went across difficult times when markets clashed with several supply issues in Iran and increasing demand coming from Asia and China. These movements could help increase oil prices along with a weaker U.S. dollar that could add a final drop to push U.S. prices to 118 dollars a barrel by the fourth quarter of 2012. West Texas Intermediate contracts for March delivery, currently trading at 103.52 dollars a barrel, have gained on eight of the last ten trading days while Brent, the international benchmark, recorded six positive sessions over the same time frame and was at 119.62 dollars as of 4:20PM in New York on Friday.
read more... 21/02/2012
Daily: Brent crude reverse gains on a potential delay in the second bailout for Greece
Brent crude reversed earlier gains and slipped below $119 per barrel on Thursday after striking multiple-month highs yesterday as concerns of a delay in a second bailout package for Greece weighed down global markets. Brent crude was traded down 27 cents to $118.66 a barrel by 09:44 GMT, after hitting a peak of $119.99 on Wednesday, the highest intraday price since August and settled at $118.93, the highest level since June.
read more... 16/02/2012
Daily – oil drops on stalled on Greek debt talks
U.S. and Brent crude oil futures went down on Monday as Greek debt restructuring talks stalled, driving the euro down against the dollar which prompted investors to pare holding of risky assets such as oil.
read more... 31/01/2012
Wind Power JV: Siemens and Shanghai Electric
Siemens and the Shanghai Electric Group have announced a wind power joint venture. The long-awaited joint venture will include a wind turbine manufacturing company targeting global and Chinese markets. 51% of the venture is owned by Shanghai Electric and 49% by Siemens.
read more... 30/01/2012
European gas market might change structure in the next decade
Britain risks losing its rank as Europe's dominant gas trading hub in the next decade as rivals in continental Europe enjoy rising trade volumes spurred by deregulated energy markets and a diversifying array of supply.
read more... 23/01/2012