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Daily Market Update, Thursday, October 14, 2010
Oil was up above $84 per barrel on Thursday, still because of a weak dollar and of unexpected news concerning the eventual decrease in U.S. stockpiles. At 10:50 GMT, U.S. crude for November increased at $84.12 per barrel, while ICE Brent climbed $0.80 arriving at $85.44 per barrel.
read more... 18/10/2010
Refiners join the port strike in France.
Refiners from the Ineos, British chemical company, joined the strike along with the port workers in what is the eleventh day of protests against a port reform and Nicolas Sarkozy’s pension reform.
read more... 08/10/2010
China wants emissions talks.
A top Chinese official declared Tuesday that the greenhouse emissions cuts of the wealthy nations do not ensure the prevention of global warming. That said, China's National Development and Reform Commission thinks that the emerging economies should have a larger part in these emissions, thus allowing them to develop.
read more... 06/10/2010
Imports of coal in Germany increase despite green lobbying
Coal imports in Germany seem to increase, regardless the worries concerning the carbon pollution and anti-coal lobbying, which have prevented many coal-fired projects.
read more... 06/09/2010
Lindsey refinery acquisition
Oil Refinery Petroplus, based in Switzerland, has submitted a proposal to buy Total’s refinery Lindsey in the UK. In order to reduce its total production capacity of oil, Total, the largest oil company in France, intends sell its 223 000 barrels per day Lindsey refinery. This event was rather unexpected news.
read more... 23/04/2010