Latest news
Daily: European spot power prices jump on colder weather forecasts
Brent crude oil futures settled below $118 per barrel on Monday backed by expectations of improving global growth and continuing tensions in the Middle East. Brent crude dropped 20 cents at $117.46 a barrel by 15:18 GMT after recording its first weekly loss since the first half of January. Meanwhile, U.S. crude shed 24 cents to $95.62.
read more... 19/02/2013
Daily: UK gas drops on milder weather, on oversupply
Brent and U.S. crude oil futures dropped on Friday, dragged down by bearish U.S economic data and worries about euro zone economy. Brent April crude slipped 34 cents, or 0.29 percent, to settle at $117.66 a barrel, having traded $116.28 to $118.11, posting a weekly loss of $1.24, or 1.0 percent. Meanwhile, U.S. March crude eased by $1.45, or 1.49 percent, to settle at $95.86 a barrel, having traded from $95.21 to $97.47 and posting a slight weekly gain of 14 cents.
read more... 18/02/2013
2012: Record year for Italian Eni
Italian oil and gas company Eni had a record year for exploration in 2012 with discovered resources of about 3.64 billion barrels of oil equivalent. Meanwhile, proved reserves were at an eight-year record by the end of 2012 at 7.7 Billion barrels of oil equivalent.
read more... 18/02/2013
French Total to explore shale gas in the UK
France’s Total, Europe’s third-largest oil company, is envisaging investing in shale gas exploration in the UK, said the company’s CEO Christophe de Margerie.
read more... 15/02/2013
Daily: Brent and U.S. crude futures settle higher on firmer gasoline
Brent and U.S. crude oil futures jumped on Thursday as U.S. gasoline futures edged up more than 2 percent, driving the oil futures complex higher and equilibrating any pressure from fresh worries about the euro zone economy. Meanwhile, Brent April crude climbed 12 cents, or 0.10 percent, to settle at $118, having traded from $117.25 to $118.29. U.S. March crude boosted 30 cents, or 0.31 percent, to settle at $97.31 a barrel, having traded from $96.77 to $97.71.
read more... 15/02/2013