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Daily – Brent ends above 120 dollars for first time since June
U.S. crude oil futures increased on Monday as Iran stopped exports to Britain and France ahead of a European Union embargo. By 11:44 GMT, WTi crude traded at 105.36 dollars a barrel, registering the utmost settlement since early May previous year.
read more... 21/02/2012
Daily- French spot power prices near 28-months high on cold spell in Europe
Brent crude futures increased above $116 per barrel settling to a six-month high on Tuesday following a cold spell in Europe and supply tensions following threats from Iran to put embargo on oil exports to European states which overshadowed fears that Greece’s debt was aggravating.
read more... 07/02/2012
China –net crude imports to grow slowest in 6 years
According to a released report by oil firm China National Petroleum Corp (CNPC), China’s net crude oil imports are expected to increase 5.9 percent in 2012, registering the slowest growth rate since 2006. This is because of sluggish exports market cuts into consumption. Net crude imports are expected to increase to 266 million tonnes in 2012 from 251.26 million tones.
read more... 03/02/2012
Daily – U.S. oil above 99 dollars a barrel
U.S. crude oil settled over 99 dollars a barrel on Monday sustained by the shutdown of oil output in South Sudan and worries the OPEC member Iran could soon stop its exports. NYMEX crude for March delivery traded one cents up at 99.57 dollars a barrel by 00:02 GMT.
read more... 30/01/2012
Daily – oil down on rising worries over the embargo on Iran exports
U.S. and Brent crude oil futures shed more than a dollar in late trading on Thursday on rising worries that the embargo on Iran exports may be delayed, lasting several months to be implemented.
read more... 13/01/2012