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Ukraine to increase its oil production by one million tons in Egypt
According to data published on Monday by the Ukrainian Ukrinform news, the Ukrainian Joint-Stock Company Naftogaz intends to increase its production about one million tons of oil in Egypt oil fields in 2012.
read more... 05/04/2011
Daily Energy Overview, Monday, February 14, 2011
U.S. crude oil futures traded at their lowest level in the last 10 weeks on Friday after the acceptances of despair of Egyptian President that could possibly disrupt the oil supplies through the Suez Canal, being a vital pipeline.
read more... 14/02/2011
Daily Energy Overview, Friday, February 11, 2011
U.S. crude futures went slightly up, while prices for ICE Brent March contract fell to 101.29 dollars a barrel, afterward the Egyptian President Hosni Mubarak announced to shift its position to the Vice President Omar Suleiman. Meanwhile, the March crude contract added 56 cents to 87.27 dollars a barrel by 21:13 GMT on the New York Mercantile Exchange.
read more... 11/02/2011
Daily Energy Overview, Thursday, February 10, 2011
Brent crude futures increased over 101 dollars a barrel on Wednesday supported by a weaker dollar and the continue turmoil in Egypt that would affect the oil supply in the region. Meanwhile, the ICE Brent March crude increased 1.90 dollars to 101.82 dollars a barrel.
read more... 10/02/2011
Daily Energy Overview, Wednesday, February 09, 2011
London crude prices surged by 60 cents to $100.52 a barrel by 07:10 GMT on Wednesday due to constraints in North Sea supplies, still transit through the Canal Suez was unaffected. Meanwhile, U.S. crude for March rose 66 cents to $87.60 a barrel, the spread between the two benchmarks widening to $12.92 a barrel. The turmoil in Egypt had pushed the oil market up during last 15 days, though the effects on U.S. oil prices are reducing now.
read more... 09/02/2011