Latest news

Daily Energy Overview, Friday, February 11, 2011

U.S. crude futures went slightly up, while prices for ICE Brent March contract fell to 101.29 dollars a barrel, afterward the Egyptian President Hosni Mubarak announced to shift its position to the Vice President Omar Suleiman. Meanwhile, the March crude contract added 56 cents to 87.27 dollars a barrel by 21:13 GMT on the New York Mercantile Exchange.

read more... 11/02/2011


Daily Energy Overview, Wednesday, February 09, 2011

London crude prices surged by 60 cents to $100.52 a barrel by 07:10 GMT on Wednesday due to constraints in North Sea supplies, still transit through the Canal Suez was unaffected. Meanwhile, U.S. crude for March rose 66 cents to $87.60 a barrel, the spread between the two benchmarks widening to $12.92 a barrel. The turmoil in Egypt had pushed the oil market up during last 15 days, though the effects on U.S. oil prices are reducing now.

read more... 09/02/2011


Daily Energy Overview, Tuesday, February 08, 2011

U.S. crude oil futures traded lower on Monday, having hit its lowest level in more than one week, thus unaffecting the supplies through the Suez Canal as the unrest in Egypt continued. Prices for March crude eased 1.55 dollars at 87.48 dollars a barrel.

read more... 08/02/2011


Daily Energy Overview, Thursday, February 03, 2011

Oil prices increased on Wednesday on persisting concerns that the unrest in Egypt could develop across the Middle East and North Africa.

read more... 03/02/2011


Daily Energy Overview, Wednesday, February 02, 2011

Oil prices increased on Wednesday, with ICE Brent crude futures hitting almost the highest level since September 2008 on persisting concerns over unrest in Egypt, source of over a third of the world's oil.

read more... 02/02/2011