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Daily: Crude oil prices plunge on OPEC’s decision not to curb output
U.S. crude plunged 10 percent in its sharpest one-day decline in more than five years on Friday and Brent hit below $70 a barrel, dragged down by OPEC’s decision not to curb oil production made oil traders and analysts to harry in order to find another trading platform. U.S. WTI crude decreased $7.54 to close at $66.15 a barrel, and slipped further post-settlement, reaching a four-year low of $65.69. North Sea Brent declined by $2.43, or 3.3 percent, to settle at $70.15. Brent also closed down 18 percent for November for a fifth consecutive month of declines, or the longest losing strip since the 2008-2009 financial collapse.
read more... 01/12/2014
Daily: British forward natural gas prices tumble as oil baffle pulls down commodities
Brent crude dropped to a four-year low under $76.30 a barrel on Thursday as it became more and more improbably that OPEC would curb oil production to increase prices during a meeting in Austria. Benchmark Brent futures declined by more than $1 to settle at $76.28 a barrel, the weakest level since September 2010. U.S. crude tumbled more than $1 to hit a session low of $72.61.
read more... 28/11/2014
Daily: Crude oil falls 2 percent on uncertainty about output cut at OPEC summit
Crude oil prices declined by 2 percent to hit near four-year lows on Tuesday in another volatile session as a meeting in Saudi Arabia and three other nations ahead of an OPEC summit closed with no sign of an accord to cut oil production. Benchmark Brent crude decreased $1.35 to settle at $78.33, slipping from an intraday peak of $80.44. U.S. crude fell $1.69 to close at $74.09. It declined more than $2 in post-settlement trade, hitting $73.71.
read more... 26/11/2014
Eni obtained approval from Ghana for $6 billion offshore gas project
Ghana's government has given Italian energy company Eni the final approval to expand gas resources in the Offshore Cape Three Points (OCTP) block, likely to start production in 2017, it said on Monday.
read more... 25/11/2014
Daily: European forward prices hit 11-week highs on forecasts of winter cold snap
Crude prices settled lower, with Brent trading below $80 a barrel, after a volatile session on Monday, as Russia tried to influence OPEC to cut production. Benchmark Brent crude oil's front-month contract closed down 68 cents at $80.28 a barrel. U.S. crude's front-month declined 73 cents to fluctuate between $75.48 and $77.02.
read more... 25/11/2014