Crude oil prices slipped in thin trade on Friday, but posted their firstly weekly increase in a month following the crash of the Malaysian plane over eastern Ukraine and as Israeli troupes invaded Gaza. Brent dropped 65 cents to close at $107.24 a barrel, reversing the previous day's gains. WTI crude slipped 6 cents to hit $103.13, after touching a session high of $103.94 and settling $1.99 higher on Thursday, a hike that partially reversed three weeks of losses.
read more... 21/07/2014
Crude oil prices rallied on Thursday, recovering from a weeks-long decline on new U.S. sanctions unveiled on Wednesday and after a Malaysian airliner was shot down over eastern Ukraine, considerably intensifying the conflict between Russia and Ukraine. Brent crude for September delivery increased by 72 cents to settle at $107.89, while U.S. crude climbed for a second consecutive session, settling up $1.99 at $103.19 per barrel, its strongest point since mid-June.
read more... 18/07/2014
Crude oil prices slumped by as much as $2 on Tuesday, posting their sharpest plunge this year as increasing Libyan supplies and pessimistic economic data intensified worries that the global market was leading to a near-term oversupply. Brent futures dropped 96 cents to close at $106.02 a barrel, rebounding from a low of $104.39 a barrel earlier in the session, the lowest level since April 2. U.S. crude futures dipped 95 cents to close at $99.96 a barrel.
read more... 16/07/2014
Croatia has all the chances to become a regional energy hub, ensuring energy supplies in the area by diversifying supply options for the European countries and permitting them to reduce their grip on Russian gas, reiterated U.S. Assistant Secretary of State Victoria Nuland.
read more... 14/07/2014
Electricity prices could double by 2035, while gas prices might increase by 43%, according to analysis released by the National Grid.
read more... 11/07/2014