Latest news
Daily: European carbon allowances trade beyond 4.20-euro resistance level
Brent crude traded above $108 on Tuesday, backed by a weaker dollar as investors were pending for U.S. crude inventory data for additional clues on the outlook for demand in the world’s largest oil consumer. Meanwhile, Brent crude oil futures rose 11 cents to $108.26 a barrel by 04:50 GMT. U.S. crude traded 15 cents up to $107.09 after retreating sharply on Monday from last week's 16-month high as traders sold to lock in profits.
read more... 23/07/2013
Daily: U.S. crude hits a 16-month high on stronger demand from refiners
U.S. crude oil futures rose above the global crude-market benchmark, North Sea Brent, for the first time since 2010 on Friday on higher demand from U.S. refiners.
read more... 22/07/2013
Terna unveils the figures of the Italian electricity consumption in the H1 2013
Terna has recently published the figures of the Italian electricity consumption for the 1st half of 2013, divided by geographical area: the electricity demand fell by 3.9% in the first six months of 2013, if compared to the same period of 2012. Based on the same number of days, the decrease was 3.3%. Italy's electricity consumption plunged by 6.2% on the year in June to 25.8 billion kWh.
read more... 18/07/2013
Daily: Brent trades steady below $108 after retreating from three-month peak
Brent crude remained unchanged below $ 108 a barrel on Friday, after retreating from a three-month high in the previous session as the expectations of more supply from non-OPEC producers and concerns about China's demand growth cut gains. Meanwhile, Brent crude for August delivery dropped 8 cents to $107.65 a barrel by 04:58 GMT, after hitting a low of $107.28. U.S. crude traded at $104.84, down 7 cents, remaining on track for a third weekly increase. It registered a considerable decline in nearly three weeks on Thursday after touching a 16-month high at $107.45, following fears of a supply squeeze at the contract's delivery point in Cushing, Oklahoma, eased on a pipeline outage.
read more... 15/07/2013
The need for OPEC oil to decline in 2014 due to shale boom in America
The Organization of Petroleum Exporting Countries (OPEC) has estimated that in 2014 world oil demand will see a significant grow, by about 1.04 million barrels per day, an augment of about 300,000 barrels if compared with the growth predicted for 2013, representing the biggest increase in demand since 2010.
read more... 11/07/2013