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Petroleum products consumption increased worldwide
The world’s consumption of petroleum products such as gasoline, diesel fuel, jet fuel, heating oil, and other products reached a record high last year, even if there was a decline in consumption in North America and Europe. According to the Energy Information Administration, in 2012 the world consumed about 88.9 million barrels of petroleum products per day.
read more... 30/08/2013
Daily: EU coal prices decreased on dollar growth
Brent crude prices boosted to a six- month peak on Wednesday, as the menace of Western countries involvement in the Syrian conflict augmented fears over Middle East oil supplies. Brent futures for October delivery increased $2.25 to settle at $116.61. During the session Brent futures reached a six-month high, at $117.34. U.S. crude futures was up $1.09 at $110.10 per barrel.
read more... 29/08/2013
Daily: European power prices increased on weak supply from wind and solar
Brent crude futures extended gains to more than $111 per barrel , due to intensifying worries over a supposed chemical weapons assault in Syria added to fears of increased turmoil in the Middle East that could interrupt deliveries. Brent prices for October delivery increased 16 cents to $111.68, the highest since April 2, while U.S. crude for October delivery augmented 46 cents to $106.88 after a 1 % plunge last week
read more... 27/08/2013
Daily: German power prices down on a major production of wind and thermal
On Friday, Brent crude prices increased above 110 dollars per barrel sustained by optimistic business surveys which suggested that global economy is on the way to recovery and encouraging hopes for a higher demand for fuel. Brent crude prices increased 49 cents to 110.39 per barrel at 13:25 GMT, while U.S. crude oil prices decreased 19 cents at 104.84 dollars per barrel.
read more... 26/08/2013
Petroleum activities on the Norwegian continental shelf
The Norwegian oil adventure started with the discovery of Ekofisk in 1969 with the exploration activity that was concentrated on the North Sea. Ekofisk is the largest field on the Norwegian continental shelf, considered in terms of daily oil production and serves as a hub for petroleum operations in this region, with several fields utilizing the infrastructure at Ekofisk for further transport in the Norpipe system.
read more... 26/08/2013