Crude oil prices diverged on Wednesday, with Brent crude increasing and WTI declining on Wednesday in agitating trading as both contracts slashed losses on uncertain outlook for interest rates by the Federal Reserve. Brent crude for August delivery boosted 17 cents to close at $63.87, having oscillating from $62.60 to $65.47 and ending back below its 50-day moving average of $64.16. U.S. crude for July delivery decreased by 5 cents to settle at $59.92, having fluctuated from $58.85 to $61.38.
read more... 18/06/2015
Five projects to explore the possibility of sites in Scotland producing geothermal energy have received funding from Scottish government.
read more... 18/06/2015
Poland's recently selected treasury minister Andrzej Czerwinski declared on Wednesday that first deliveries of liquefied natural gas (LNG) to the terminal at the Baltic Sea will probably come in autumn.
read more... 18/06/2015
Deepwater oil projects and complex gas facilities estimated at approximately $200 billion have been annulled or delayed worldwide in latest months because of the sharp decline in oil prices over the past year, as stated on Tuesday by consultancy Ernst and Young.
read more... 17/06/2015
U.S. crude prices rallied on Tuesday as a tropical storm approached the oil-producing state of Texas, but global supply glut curbed gains and dragged down Brent futures. WTI crude for July delivery boosted 45 cents to close at $59.97 a barrel, having fluctuated from $59.42 to $60.37. Brent front-month August crude fell 25 cents to settle at $63.70, off its $64.41 intraday peak and below Brent's 50-day moving average of $64.01.
read more... 17/06/2015