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Energy Market Overview, Wednesday, December 15, 2010
Oil prices fell below $88 a barrel on Wednesday on fears over the health of the global economy and following U.S. inventory data suggesting weak demand by the world's largest oil consumer.
read more... 15/12/2010
Lawmaker assures enough supply of LPG for Christmas
A lawmaker removed any concern of consumers, ensuring that there is sufficient supply of liquefied petroleum (LP) at an affordable price during the Christmas period. The LPG trade will not be affected by the Batangas-Manila oil pipeline shutdown.
read more... 14/12/2010
Wholesale energy markets: European Commission proposes rules to prevent market abuse
The European Commission has proposed today rules on wholesale energy markets for preventing market manipulation and insider trading. The Regulation ensures market transparency between companies producing energy and traders, obliging these energy traders to respect market rules.
read more... 14/12/2010
Energy Market Overview, Tuesday, December 14, 2010
Oil prices fell on Tuesday, with U.S. crude for January dropping 69 cents to $87.92 a barrel by 1445 GMT and ICE Brent down 31 cents to $90.88 a barrel as the dollar increased on stronger-than-expected U.S. economic data and investors’ concerns regarding the prospect of an interest rate increase in China.
read more... 14/12/2010
OPEC maintains output quotas
The Organization of Petroleum Exporting Countries (OPEC) decided on Saturday at an extraordinary meeting in Quito to maintain current quotas for its production.
read more... 13/12/2010