Latest news

Daily – oil prices mixed on disappointing Chinese data and rising OPEC production

U.S. crude oil futures rose on Thursday, snapping a string of six lower settlements, as supportive labor and trade data from the United States and lower dollar countered disappointing Chinese trade data and growing OPEC output.

read more... 11/05/2012


Daily – U.S. and Brent crude extend slide to more than 4 dollars

Crude oil futures decreased over 4 dollars on Friday as low U.S. jobs data renewed worries about slowing economies, weighing on oil prices already pressured by rising U.S. inventories and increased production from OPEC.

read more... 07/05/2012


Daily – oil prices decline on lower economic growth

Crude oil futures decreased on Thursday and dropped below the 100-day moving average for the first time since January as signals of lower economic growth and rising OPEC output have driven oil prices down.

read more... 04/05/2012


Statoil confirms a massive pre-salt oil discovery offshore Brazil

The Norwegian oil company Statoil confirmed today that it has made a significant discovery offshore together with operator Repsol Sinopec and partner Petrobas.

read more... 27/02/2012


Daily: Oil steady around $120 on Greek optimism and Iran tensions

Crude oil prices traded near $120 per barrel on Friday supported by concerns about potential supply disruptions following conflicts between OPEC producer Iran and the European countries and hopes for the second Greek bailout deal. North Sea Brent fell 6 cents to $120.05 by 10:07 GMT, while U.S. crude traded up 39 cents to $102.70.

read more... 17/02/2012