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Daily – oil mixed on political uncertainty in Italy
Crude oil futures were mixed on Tuesday following the political uncertainty in Italy that could worsen the euro zone debt crisis and worries over Iran’s nuclear program. NYMEX crude for December delivery traded at 96.80 dollars a barrel, gaining 1.28 dollars a barrel, having set the utmost front-month closing price since July 28 when it closed the session at 97.44 dollars. By 17:37 GMT, ICE Brent crude for December delivery traded at 114.47 dollars, losing 9 cents.
read more... 09/11/2011
Daily – power up on cooler weather forecast
NYMEX and Brent crude oil futures rose in a row on Monday as expectations increased that Greece and Italy could find a solution over its debt problems and on new worries about Iran’s nuclear program. U.S. crude oil futures for December delivery traded at 95.52 dollars a barrel, adding 1.26 dollars, registering the utmost closing price since July 29, while ICE Brent crude for December delivery traded at 114.56 dollars a barrel, up 2.59 dollars, and also having set the highest settlement since October 14.
read more... 08/11/2011
Serious queries over BP pipeline
Recently, Azerbaijan and Turkey consented to use the spare capacities in the Turkish pipelines as to transport Azerbaijani gas verso Europe, and consequently to construct a new pipeline across Turkey as to transport exceeded volumes of the spare capacities in Turkey’s pipelines.
read more... 08/11/2011
Is EU ready to increase its 2020 emissions reduction target?
A European Union offer to deepen its 2020 emissions reduction target to 30% if other countries commit to similar measures will remain on the table at U.N. climate talks in South Africa this month, the EU's lead climate negotiator said.
read more... 08/11/2011
Huge oil discovery made by Spanish Repsol
The largest Spanish oil company Repsol YPF SA, announced recently that its Argentine YPF SA unit has made the biggest company’s discovery of about 927 million barrels equivalent of shale oil after drilling a dry hole off at the disputed Falkland Islands earlier current year. The shale is located in the northern Patagonia, at the Loma La Lata.
read more... 08/11/2011