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Daily: European power spot prices settle higher on colder temperatures
Brent and U.S. crude oil futures settled higher on Wednesday supported by Energy Information Administration's (EIA) weekly inventory report showing a decline in U.S. crude last week.
read more... 17/01/2013
OPEC downwardly revises demand for its crude oil in 2013
The Organization of Petroleum Exporting Countries (OPEC) is forecasting that the demand for its crude to slash because of an ample production from main competitors, showing that the inventories could significantly bolster despite a massive cut in output by top exporter Saudi Arabia.
read more... 17/01/2013
Daily: U.S. crude settles lower on German economic pessimistic data
Brent and U.S. crude oil futures declined in heavy trading on Tuesday, dragged down by German economic pessimistic data and worries about the U.S. debt ceiling debate which stocked fears about fuel demand. Crude prices were hit by data that German economy contracted by 0.5% in the fourth quarter, more than forecasted.
read more... 16/01/2013
TAQA: Hydrocarbon leak at a key platform in North Sea UK
An important oil pipeline network, which handles about 6% of UK’s oil production, was forced to halt its production following a leak at a key North Sea oil platform. The shutdown was confirmed by Abu Dhabi National Energy Co (TAQA) on January 14, at one of its platforms in the UK North Sea.
read more... 16/01/2013
Daily: UK gas slips as supply exceeds demand by 8 percent
Brent and U.S. crude oil futures for February delivery rose $1.24, or 1.12 percent, at $111.88 a barrel and 58 cents, or 0.62 percent, at $94.14 a barrel respectively on Monday as fears of disruption of supply from the Middle East arose amid growing optimism for a revival in demand growth as the world's biggest economies show signs of constant recovery.
read more... 15/01/2013