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Daily Market Update, Friday, November 05, 2010
Oil decreased from a two-year high on Friday, but losses were limited by the new U.S. economic stimulus. At 11:28 GMT, U.S. crude futures dropped at $86.37 per barrel, while ICE Brent futures fell to $87.75 per barrel.
read more... 08/11/2010
RWE debates with Government on new nuclear plants in UK.
German utility RWE will propose another offer concerning the construction of nuclear plants at its UK areas in Cumbria, after the government has classified some of its sites inappropriate.
read more... 05/11/2010
Melrose starts gas production in Bulgaria.
UK oil and gas explorer Melrose Resources has started its natural gas production in Bulgaria, exploration that could meet around15% of Bulgarian annual domestic gas consumption.
read more... 05/11/2010
Exxon Mobil and Total have resumed their activities in France.
The strike at 12 oil refineries and at the France's two largest ports ended on Friday. French oil sector posted 230 million Euros losses because of the strike.
read more... 05/11/2010
Daily Market Update, Thursday, November 04, 2010
Oil was up on Thursday for a fourth day, after the dollar dropped following a U.S. Federal Reserve decision to inject more money into U.S. economy, world's top oil consumer. At 11:20 GMT, U.S. crude for December increased at $85.66 per barrel, while ICE Brent climbed to $87.26 per barrel.
read more... 05/11/2010