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Daily energy Overview, Friday, August 19, 2011
Crude oil futures pared losses on Thursday as a crop of low economic data supported more fears in the Unites States and pushed investors to cut down on riskier assets. By 19:06 GMT, NYMEX crude for September delivery valued 81.51 dollars a barrel, down 6.07 dollars, while ICE Brent crude for October delivery traded at 106.99 dollars a barrel, falling 3.61 dollars after a trading range from 106.27 to 110.75 dollars.
read more... 19/08/2011
Daily energy Overview, Tuesday, August 09, 2011
U.S. and Brent crude oil futures pared huge losses on Monday, having hit the lowest level since February after a U.S. credit downgrade sparked financial and commodity markets. U.S crude for September delivery traded at 81.31 dollars a barrel, down 5.57 dollars, registering the lowest level since November 23, 2010, when it closed the session at 81.25 dollars a barrel.
read more... 09/08/2011
Gazprom Neft gets 30% in Cuba’s offshore blocks
Gazprom Neft, the subsidiary of Russian major Gazprom, has inked a Supplementary Agreement to the Production Sharing Contract (PSC) with Cuba's national oil company Cubapetroleo and Malaysia's oil and gas company Petronas on four blocks on the Cuban shelf of the Gulf of Mexico, the company said on Monday.
read more... 02/08/2011
Italy’s Edison gets price reduction for gas delivered by Gazprom
The Russian energy giant, Gazprom has agreed to reduce its gas prices for Italy’s Edison S.p.A, as the Italian company has filed a lawsuit to win cheaper tariffs, business daily Kommersant reported on Monday.
read more... 26/07/2011
Daily energy Overview, Wednesday, June 29, 2011
U.S. crude oil futures continued to increase in the post-settlement trading on Tuesday on industry data indicating a 2.7 million barrel drop in crude inventories last week. Meanwhile, ICE Brent crude oil futures traded up for a second consecutive day on Tuesday on hopes that Greek Parliament would approve an austerity plan to beat debt crisis, while dollar index weakened pushing investors to buy riskier assets.
read more... 29/06/2011