Latest news
Angola seeks greater oil output quota as India looks into additional crude imports
As declared by Angolan Oil Minister, Jose Botelho de Vasconcelos, the country wants OPEC to grant them a bigger output quota as India shows interest in additional crude imports.
read more... 02/11/2010
Oil prices up as dollar eases
On Monday, oil rose to about $82 a barrel, following the U.S. Federal Reserve’s future commitment to another round of monetary stimulus that would consist in purchasing as much as $80 to $100 billion worth of assets per month.
read more... 02/11/2010
Daily Market Update, Monday, November 01, 2010
Oil was up to around $82 per barrel on Monday due to the U.S. Federal Reserve commitment to start a new round of monetary stimulus this week, because of weaker dollar. At 10:52 GMT, U.S. crude for December increased at $82.14 per barrel, while ICE Brent increased by 76 cents arriving at $83.91 per barrel.
read more... 02/11/2010
The prices of diesel barge flows, decrease in France
Spot premiums on diesel barges decreased on Thursday in response to the gain in benchmark ICE gas oil futures prices and a potential drop in demand for barge flows into France.
read more... 01/11/2010
Daily Market Update, Friday, October 29, 2010
Oil was down below $82 per barrel on Friday as investors, concerns about the form and scale of an expected monetary stimulus by the U.S. Federal Reserve next week. At 06:51 GMT, U.S. crude for December decreased at $81.73 per barrel, while ICE Brent dropped by $0.34 arriving at $83.25 per barrel.
read more... 01/11/2010