Latest news
Saras Spa registers drop of earnings
Saras SpA, Italy's third major refiner, registered an accentuate drop of its basic earnings in the first quarter, as consequence of its weak refining margins and maintenance activity.
read more... 14/05/2010
Increase in crude oil inventories
On Wednesday, U.S. crude stocks increased more than forecasted, while gasoline stocks registered a drop, according to Energy Information Administration.
read more... 13/05/2010
The oil price decreases bellow $76 per barrel
On Wednesday, the oil price dropped again, this time bellow $76 per barrel, due to the worries concerning the incapacity of the emerging economies to compensate the cuts of the oil consumption during the debt crisis initiated in Europe.
read more... 12/05/2010
The oil price drops to $76 per barrel
On Tuesday, the oil price dropped to $76 per barrel, as consequence of dollar recovery and E.U. debt crisis, while China’s inflation may cause monetary tightening measures.
read more... 11/05/2010
Oil price has exceeded $77
Oil price has recovered, reaching a level higher than $77, after the EU decided to insure themselves against new risks of insolvency, promising that energy demand will tend to increase.
read more... 10/05/2010