Latest news
Iran is threatening to crude oil exports on sanctions intensification
Iran is threatening to stop definitively oil exports to the world if sanctions from Western countries become more stringent. Sanctions against the Iran have become tighter as the United States and other nations attempt to force Iran to stop developing its nuclear energy program, while Tehran says its nuclear plans are peaceful.
read more... 24/10/2012
Daily: Brent climbs above $112 on fresh monetary measures in Japan
Brent crude climbed above $112 a barrel on Wednesday after the Bank of Japan expanded its assets buying and loan programme, currently its primary monetary easing tool, the actions being similar to those strategies announced earlier by the U.S. Federal Reserve, aimed at stimulating their economy.
read more... 19/09/2012
High oil prices and the economy
Brent crude rose for seven straight sessions during week 38 on hopes for stronger demand after the Federal Reserve launched a new economic stimulus program. Crude futures prices are up about 2% this month after surging 9% in August and 7% in July, on revived geopolitical tensions and maintenance in North Sea crude oil production in September.
read more... 19/09/2012
Daily: Nordic spot electricity prices expected to decline below 20 euros/MWh
Brent crude jumped for the seventh straight session on Friday, increasing towards $117 a barrel as the U.S. Federal Reserve launched an aggressive program which is help to boost the economy and the demand for oil.
read more... 14/09/2012
Daily: Brent up on hopes for more stimulus measures from central banks
Crude oil stayed near three-month highs on Thursday, on worries over possible disruptions of supplies from the Middle East and a major decrease in U.S. oil stocks. Brent crude climbed by more than a third since end of June on worries over Iran’s nuclear programme and on investors’ hope for more stimulus measures from central banks. Brent crude was unchanged at 116 dollars per barrel by 11:07 GMT, while U.S. crude traded up 15 cents to 94.48 dollars per barrel.
read more... 16/08/2012