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Daily: British gas prices ease on Rough outage, EU referendum
Crude oil prices ended 2 percent higher after a volatile session on Thursday, as investors were less preoccupied about the future of global economy after the last pre-vote opinion surveys indicated Britain will not quit the European Union. Brent crude rose $1.03, or 2.1 percent, to settle at $50.91 a barrel. U.S. crude closed at $50.11 a barrel, up 98 cents. Both contracts jumped in the last few minutes of trading.
read more... 24/06/2016
German government agrees an unlimited ban on shale gas fracking
German government has agreed to ban fracking for shale gas for an indefinite period on Tuesday, but would permit test drilling to be carried out if state governments allow it.
read more... 22/06/2016
Daily: British prompt gas prices jump on undersupplied gas system
Crude oil prices ended lower on Tuesday on profit taking after a two-day hike, then rebounded in post-settlement trade after figures indicated a bigger-than-expected draw in U.S. crude inventories. Brent crude futures for August delivery eased 3 cents to settle at $50.62 a barrel. In post-settlement, it climbed to as high as $51.10, encouraged by the crude draw reported by API. U.S. crude futures' expiring July front-month contract ended down 52 cents, or 1 percent, to close at $48.85 a barrel. The August contract, which will be front month from Wednesday, declined 11 cents at $49.85 and increased to $50.40 in post-settlement.
read more... 22/06/2016
Daily: Crude oil hikes 3 percent as Brexit fears ease
Crude oil prices rallied 3 percent on Monday, increasing for a second consecutive day, after an opinion poll showing lower possibility of Britain to exit the European Union, while U.S. gasoline hiked 5 percent in anticipation of peak summer spurring demand. Brent contract for August delivery rose $1.48, or 3 percent, to settle at $50.65 a barrel. U.S. crude's West Texas Intermediate (WTI) futures climbed $1.39, or 2.9 percent, to close at $49.37 a barrel for the July front-month. The WTI contract for August delivery, the new front-month contract from Wednesday, rose by 3 percent to end at $49.96.
read more... 21/06/2016
BP authorizes investment in Egypt gas field 15 months after finding
British oil major BP has authorized investment in the first phase of expanding the huge Atoll gas field offshore Egypt, only 15 months after it first announced its discovery.
read more... 20/06/2016