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Daily energy Overview, Monday, April, 04, 2011
Brent and U.S. crude oil prices increased to the highest settlement in 2-1/2 year on Friday as the U.S. jobs data supported economic growth forecasts and lasting conflict in Libya and Middle East countries kept investors concerned about threats in supply.
read more... 04/04/2011
Daily energy Overview, Friday, April, 01, 2011
Crude oil prices continued to increase on Thursday, with U.S. crude and Brent having registered their highest settlements since September 2008 and August 2008 respectively at end-of-quarter on renewed concerns about the unstable situation in Libya and Middle East countries that kept uncertainty in oil supplies.
read more... 01/04/2011
Daily energy Overview, Thursday, March, 31, 2011
U.S. and Brent crude oil prices went down on Wednesday in thin trading dragged down by unprecedented high stockpiles at the Cushing delivery point for U.S. crude even as uncertainty in the Middle East countries and Libya reduced losses.
read more... 31/03/2011
Japan’s nuclear crisis strikes Germany
As worries spread around the world after the detection of plutonium in soil samples that came from crippled Fukushima nuclear reactor, polls in Germany show that 52% of respondents wanted nuclear power phased out completely in the near future, and it was confirmed at recent elections in the German State Baden-Württemberg, where Angela Merkel, head of Christian Democratic Party in Germany, had lost control of this region for the first time in last six decades.
read more... 31/03/2011
Daily energy Overview, Wednesday, March, 30, 2011
U.S. and Brent crude ended higher on Tuesday in thin volume trading supported by stronger equities and uncertainty regarding a fast return of Libyan oil exporting operations. On the NYMEX market, the U.S. crude for May delivery increased by 0.78 percent being traded at 104.79 dollars a barrel, while ICE Brent crude for May delivery gained 36 cents settled at 115.16 dollars a barrel, after registering a trading range between 113.52 and 115.64 dollars.
read more... 30/03/2011