Latest news
Daily energy Overview, Wednesday, August 24, 2011
U.S. and Brent crude oil futures increase on Tuesday on the back of a recovery on Wall Street spurred by hopes that the Federal Reserve would soon announce more help for the sluggish economy.
read more... 24/08/2011
Daily energy Overview, Tuesday, August 23, 2011
Crude oil futures were mixed on Monday as gains on Wall Street supported sentiment toward oil prices and raising expectations that exports of high-quality oil from the OPEC member states could resume fairly soon.
read more... 23/08/2011
Daily energy Overview, Monday, August 22, 2011
Crude oil futures were mixed on Friday following a weaker dollar index that sparked risk trade and continuous worries about the economy. U.S. crude oil futures for September delivery traded at 82.26 dollars a barrel, down 12 cents after a trading range from 79.17 to 83.55 dollars a barrel, while ICE Brent crude for October delivery settled at 108.62 dollars a barrel, gaining 1.63 dollars after a trading range between 105.06 and 109.40 dollars.
read more... 22/08/2011
The “Big Six” face Ofgem investigation
The energy watchdog, Ofgem has brought in forensic accountants from BDO to investigate if the Big Six energy suppliers have underestimated accurately their profit margins in order to justify higher prices.
read more... 22/08/2011
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