Latest news
Angola – surpassing its OPEC quota.
Oil minister Jose Botelho de Vasconcelos was quoted by local news agency declaring that Angola is extracting more than its OPEC quota. The Angolan official said that they’re producing 1.9 million barrels of oil per day even though they admit the output target set by OPEC is 1.656 million bpd, and still, industry sources say that it is even lower, at 1.52 million bpd.
read more... 27/09/2010
Belarus looking for oil imports through Latvia.
Belarus is trying to find solutions to import Venezuela crude, as it has entered negotiations with Latvia. Two test loadings have already been delivered to Belarus through Latvian and Estonian ports; thereby Minsk showed its interest in further cooperation with Latvia.
read more... 27/09/2010
Daily Energy Market Overview 09.24.2010
Oil price dropped below $75 on Friday. ICE Brent crude fell $0.30 cents to $77.81. At 06:41 GMT, U.S. crude for November dropped $0.33 to $74.85 per barrel. Still, actual prices are considered stable, registering a gain over 1.6% during last six weeks.
read more... 24/09/2010
Daily Energy Market Overview 09.23.2010
Oil price was set below $75 on Thursday after an unexpected increase in U.S. crude and gasoline stockpiles. At 06:26 GMT, U.S. crude for November increased 15 cents to $74.86 a barrel, while November ICE Brent decreased 19 cents to $77.76.
read more... 23/09/2010
Daily Energy Market Overview 09.22.2010
At 09:42 GMT, U.S. crude for November increased $0.44 to $75.41, while ICE Brent for November registered an increase of $0.12 to $78.54. Oil increased above $75 a barrel on Wednesday, recovering some losses of the previous session, being supported by a weaker dollar.
read more... 23/09/2010