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Daily Energy Market Overview 09.29.2010
Oil was up on Wednesday. At 06:52 GMT, U.S. crude for November increased $0.49 to $76.67 per barrel, close to a two-week high above $77, while ICE Brent for November rose from $78.71 to $79.21. Crude stocks decreased by 2.4 million barrels, the API officials said.
read more... 29/09/2010
Daily Energy Market Overview 09.28.2010
Crude was down at $76 per barrel on Tuesday. At 06:46 GMT, U.S. crude for delivery in November decreased $0.65 to $75.87 per barrel, while ICE Brent fell $0.67 to $77.90 per barrel.
read more... 28/09/2010
Russia and China make a 150 billion dollar deal.
The number one producer of crude makes a deal with the number two consumer worth about $150 billion over the next 20 years. This deal comes as the pipeline ESPO (East Siberia to Pacific Ocean Pipeline) was finished, which has a capacity of 300,000 barrels per day and a length of 925 km.
read more... 28/09/2010
Daily Energy Market Overview 09.27.2010
Oil was up to $77 per barrel on Monday. At 07:33 GMT, U.S. crude for November delivery increased from $76.49 per barrel to $76.74 per barrel, after registering the highest price of $76.85 per barrel on September 14. ICE Brent for November increased $0.09 at $78.96 per barrel.
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