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Daily: British gas prices tumble as gas imports recover
Crude oil evolved differently on Tuesday, with WTI recovering from six-week lows on anticipated demand for crude after Colonial Pipeline Co is likely to restart its main gasoline line by Wednesday. The American Petroleum Institute reported a 7.5-million-barrel draw in U.S. crude oil supplies on Tuesday, instead of the increase that many expected. Brent crude for November delivery lost 7 cents to settle at $45.88 a barrel after the release of the API report. U.S. WTI crude for October delivery rose 14 cents to close at $43.44.
read more... 21/09/2016
Daily: Crude oil surges as Venezuela sees output deal to stabilize market
Crude oil prices hiked on Monday, but pared gains, on skepticism over Venezuela’s statements that OPEC and non-OPEC countries were close to reaching a deal to balance global output and clashes in Libya disrupted attempts to increase crude exports. Higher equity prices on Wall Street and a weaker dollar also supported oil prices. Brent crude futures rose by 18 cents, or 0.4%, to settle at $45.95 a barrel. It increased over 2 percent earlier, hitting $46.93. U.S. West Texas Intermediate (WTI) crude futures gained 27 cents, or 0.6 percent, to end at $43.30. The session peak was $44.15.
read more... 20/09/2016
Engie struck oil and gas at Cara well in Norwegian North Sea
French utility Engie (ex-GDF Suez) has found gas and oil in the Norwegian part of the North Sea, near the existing Gjoa field which it operates.
read more... 19/09/2016
Daily: Crude oil ends down hit by oversupply fear, gasoline rally
Crude oil prices lost up to 2% on Friday to hit multi-week lows after Iran, the third-biggest OPEC producer, raised crude exports to over 2 million barrels per day (bpd) in August, intensifying fears about a global glut, while gasoline increased on refinery and pipeline outages. Bearish U.S. equity markets and rising dollar also had an impact on crude futures and other commodities denominated in the greenback. Brent crude futures declined 82 cents, or 1.8%, to settle at $45.77 a barrel, reaching a two-week low of $45.48. U.S. West Texas Intermediate crude futures fell 88 cents, or 2%, to close at $43.03 a barrel. WTI hit a five-week bottom of $42.74. For the week, Brent lost 5%, while WTI lost 6%.
read more... 19/09/2016
Daily: British gas prices surge as UK Continental Shelf output declines
Crude oil prices advanced more than 1 % on Thursday following a hike in gasoline futures which was triggered by a delayed restart of the main gasoline line at Colonial Pipeline in the United States. Brent crude futures rose by 74 cents, or 1.6 percent, to settle at $46.59 a barrel, after a session high at $47. U.S. West Texas Intermediate (WTI) crude futures advanced 33 cents, or 0.8 percent, to close at $43.91.
read more... 16/09/2016