Latest news
Daily: UK spot gas surges on Norwegian gas supply outage
Brent crude futures traded above $111 a barrel on Thursday on worries OPEC member Libya isn't close to increase output as winter oil demand jumps, while a bigger-than-expected rise in US crude stock kept the gains under control.
read more... 29/11/2013
Daily: U.S. crude futures drop on ample inventories, Brent up on Libya unrest
U.S. crude oil futures dropped on Wednesday dragged down by higher-than-expected increase in stockpiles which weighted down prices, while unrest in Libya supported Brent. Brent crude boosted 43 cents to settle at $111.31 a barrel, after trading as low as $110.51 during the session. Meanwhile, U.S. oil settled down by $1.38 at $92.30, its weakest close since May 31, after declining to $91.77 earlier in the session.
read more... 28/11/2013
Iran oil insurance sanctions may soon be eased
Now that a nuclear deal has been reached following the breakthrough agreement in Geneva, the west is likely to start easing crippling sanctions on Iran, as it has about $100 billion in investments frozen around the world, and its government runs a deficit of $35 billion a year.
read more... 27/11/2013
Spain’s Repsol stroke a compensation deal with Argentina’s YPF
Spanish oil major Repsol and Argentina’s main energy company YPF inked a preliminary deal on Monday, under which Repsol will receive a 51 percent stake in the South American’s nation’s energy company.
read more... 26/11/2013
Daily: European power prices mixed on different weather conditions in France, Germany
The price of benchmark Brent crude oil increased for a second consecutive session on Friday on short-covering. London-traded Brent settled 97 cents higher at $111.05 after setting a six-week high of $111.40.
read more... 25/11/2013