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Daily: Brent oil crude trades above $108 a barrel as Cyprus worries ease
Brent crude oil futures increased above $108 a barrel on Wednesday, recovering from a three-month low, after the U.S. Federal Reserve announced it would continue its stimulus program and on hope that the European legislators could tackle the debt crisis in Cyprus.
read more... 21/03/2013
Daily: UK spot gas prices remain high on cold weather, tight system
Brent crude oil futures dropped 2 percent to a three-month low under $108 a barrel on Tuesday on uncertain bailout plan in Cyprus which increased worries about the euro zone debt crisis.
read more... 20/03/2013
Daily: Brent crude futures drop on Cyprus bailout plan
Front-month Brent crude oil futures dropped 31cents to settle at $109.51 a barrel on Monday after an unusual bank bailout proposal for Cyprus threatened to cause new economic turbulence in the euro zone. Meanwhile, U.S. crude oil futures for April delivery inched up 29 cents a barrel on Monday to settle at $93.74, recovering from early losses triggered by worries about the Cyprus bailout plan.
read more... 19/03/2013
Cyprus awards four offshore gas exploration licenses
Cyprus government announced that it awarded four provisional licenses for gas exploration in offshore blocks as part of the second licensing round launched in February.
read more... 02/11/2012
Turkey to start a controversial oil and gas drilling in north Cyprus
Turkish Petroleum Corporation (TPAO) announced that it launched exploratory drilling for oil and gas on Thursday in the Turkish Republic of Northern Cyprus.
read more... 27/04/2012