Latest news
Daily: German power contract continues its downward trend
Brent crude increased by $1 on Thursday, rebounding from a five month low on hopes that eight-month deadlock that depleted oil exports and revenue in Libya would come to the end.
read more... 04/04/2014
Daily: Brent crude oil drops by about $1 on Libyan ports reopening
Brent crude oil dropped by about $1 to its weakest level in almost five months on Wednesday, dragging down U.S. crude with it, as Libyan government declared that they could reach to a deal with rebels to reopen the ports after months of closures. Brent crude oil closed 83 cents lower at $104.79 a barrel after declining to $103.95, its lowest point since November 8.
read more... 03/04/2014
Daily: Brent crude dips nearly to 5-month low on China, Europe manufacturing data
Brent crude oil futures dropped on Tuesday to hit almost a five month-low on pessimistic manufacturing figures from China and Europe. WTI oil futures also posted a decline as analysts forecasted an increase in crude stocks for 11th straight week in a row.
read more... 02/04/2014
Spain prompted to tap its oil and gas potential
Spain could be transformed into a gas exporter by 2031 while producing 20% of the oil it consumes, according to a report released by consultancy Deloitte.
read more... 01/04/2014
Daily: Crude oil futures tumble in a choppy end-quarter trading
Crude oil futures declined in a choppy trading at the end-of-quarter trading on Monday, dragged down by news that Russia withdrew some infantry battalion on the Ukrainian border and worries about the struggling U.S. labor market expressed by Federal Reserve Chair Janet Yellen.
read more... 01/04/2014