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Daily: Brent and U.S. crude settle lower as fiscal deal optimism lessens
Brent and U.S. crude oil futures declined more than 1 percent on Friday on hesitating efforts to negotiate a U.S. budget which intensified fears that a deal would not get done to avoid mandated tax hikes and spending cuts that could curb the economy and demand for petroleum. Meanwhile, Brent February crude dropped $1.23, or 1.12 percent, to settle at $108.97 a barrel, having traded from $108.66 to $110.28. U.S. February crude futures eased by $1.47, or 1.63 percent, to settle at $88.66 a barrel.
read more... 24/12/2012
Daily: Brent crude edged lower after a choppy trading
Brent crude futures climbed on Thursday in a choppy trading as oil futures and the euro and U.S. dollar was hit by shifting impressions of developments on U.S. budget talks. Meanwhile, Brent crude futures eased 16 cents, or 0.14 percent, to settle at $110.20 a barrel, having traded from $109.70 to $110.66.
read more... 21/12/2012
IEA: Coal to overtake oil as leading energy source by 2017
Coal is expected to surpass oil as the world’s top fuel in the next five years, according to a report issued by the International Energy Agency (IEA), posting a threat of more greenhouse gases injection into the atmosphere than ever before.
read more... 21/12/2012
Gazprom to reduce natural gas prices for Europe in 2013
Gazprom, the leading European supplier of natural gas which supplies nearly a third of its gas, has come under increasing pressure from the supplier opponent, as well as Statoil, so that Russia would change the price of their policies in order to reflect the requirements of the buyer for cheaper gas.
read more... 19/12/2012
Daily: Brent and U.S. crude boosts on hopes for U.S. budget deal to avert cliff
Brent and U.S. crude oil futures settled higher on Tuesday following sign of progress in talks to resolve the U.S. budget debate which attenuated concerns about looming mandated tax hikes and spending cuts that investors worry might slow the economy and hit oil demand. Meanwhile, Brent February crude climbed $1.20, or 1.11 percent, to settle at $108.84 a barrel, having traded from $107.93 to $108.95. U.S. January crude increased 73 cents, or 0.84 percent, to settle at $87.93 a barrel, having traded from $87.21 to $88.16.
read more... 19/12/2012