Latest news
Daily: UK prompt gas slightly increases on colder weather forecast, lower Norwegian imports
Brent crude oil futures climbed, while U.S. crude traded lower on Thursday in heavy spread trading that boosted Brent’s premium to its U.S. counterpart. Brent March crude gained 65 cents, or 0.57 percent, to settle at $115.55 a barrel, having traded from $114.28 to $115.76. Meanwhile, U.S. March crude slipped 45 cents, or 0.46 percent, to settle at $97.49 a barrel, having traded from $96.84 to $98.04.
read more... 01/02/2013
UK to give the green light to 28 new oil and gas projects
UK is expecting to give the green light for the exploration of 28 new oil and natural gas projects offshore in 2013, amid the increased untapped resources in the North Sea, declared British Energy Secretary Ed Davey.
read more... 01/02/2013
Daily: Brent and U.S. crude oil futures settle higher on improved euro zone economic feeling
Brent and U.S. crude oil futures increased after a choppy trading on Wednesday, backed by improved euro zone economic feeling and Middle East tensions, while higher U.S. crude oil stocks and pessimistic U.S. economic growth figures capped the gains.
read more... 31/01/2013
It is official: Ukraine signed a major shale drilling deal with Shell
Ukraine and the world oil giant Royal Dutch Shell signed on January 24 a $10 billion shale gas production sharing agreement aimed at helping the ex-Soviet country to reduce its dependence on Russia.
read more... 31/01/2013
Daily: European power prices tumble on strong wind power output
Brent crude prices increased on Tuesday, being supported by optimistic economic data and a weaker dollar that pushed up oil prices. Brent crude for March delivery climbed 88 cents or 0.78 percent, to settle at $114.36 a barrel, having traded from $113.07 to $114.49. Meanwhile, U.S. crude oil futures settled higher at $97.57 a barrel on Tuesday, up $1.13, backed by strong U.S. housing data which spurred the optimism about fuel demand.
read more... 30/01/2013