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Daily: Brent oscillates on Fed monetary policy, Libya unrest
Brent crude oil prices have fluctuated on Friday, but still headed for the largest weekly gain since early July, following expectations that the U.S. Federal Reserve will continue its easy monetary policy for now and as Libyan civil unrest slashed supplies.
read more... 18/11/2013
German government agreed on a temporary ban for shale gas
Germany is probable to have important reserve deposits and is at the forefront of the shale gas disputes in Europe. Public concerns and the conclusions of studies on hydraulic fracturing, as well as stalled legislation going into the federal elections, have slowed the pace of shale gas exploration, but Germany's nuclear phase-out will create a need for energy from other sources.
read more... 15/11/2013
U.S.: Oil production surpassed imports for the first time in nearly 20 years
According to federal officials, in October, the U.S. extracted more oil than imported, being an important highlight for a nation which tries to reduce reliance on imported foreign oil. Helped mainly by production from shale reserves and a consumption which remained relatively flat, domestic output hit 7.7 million barrels a day last month, against 7.6 million of imports, a 24-year high.
read more... 15/11/2013
EDF Energy the last to announce energy prices increases by 3.9%
EDF Energy has become the latest energy company to increase prices for its British customers, unveiling an average price increase of 3.9% on its dual tariff, warning that further increases may occur unless the government does not curb fees for social and environmental work.
read more... 15/11/2013
Daily: Brent crude boosted by Federal Reserve expectations
Brent crude oil prices boosted on Thursday, pushed up by disruption to Libyan output, while U.S. crude dropped as gasoline showed the largest gain of the day, but both markets received support from expectations that Federal Reserve would keep stimulus measures in place.
read more... 15/11/2013