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Daily Market Update, Thursday, October 28, 2010
Oil was stable on Thursday, due to a delay in announcing the size of monetary stimulus expected from Federal Reserve, caused by an unexpected drop appeared in U.S. gasoline stockpiles. At 06:43 GMT, U.S. crude for December increased at $81.98 per barrel, while ICE Brent decreased at $83.20 per barrel.
read more... 29/10/2010
Spain to increase diesel production capacity
Spain's Cepsa officially opened its Huelva refinery on Wednesday, after completed its plant extension, in order to double the oil production capacity to 200,000 barrels per day, according to oil company official.
read more... 28/10/2010
Daily Market Update, Wednesday, October 27, 2010
Oil was down below $82 per barrel on Wednesday, because of unstable dollar movements up and down. At 10:46 GMT, U.S. crude for December decreased at $81.86 per barrel, down 3% from a five-month high of $84.43 reached on October 7, while ICE Brent decreased at $83.00 per barrel.
read more... 28/10/2010
France refineries to resume its activity
Fuel deliveries, restarted at 4 of France’s 12 oil refineries Tuesday, help to consolidate shortages of petrol. Exxon Mobil restarted the refined products deliveries stored at Fos-sur-Mer and Port-Jerome refineries, and at Petroplus' Reichstett plant, after workers decided to end their protests.
read more... 27/10/2010
Daily Market Update, Tuesday, October 26, 2010
Oil was down at $82 per barrel on Tuesday, thanks to dollar strength and to a report expected to show an increase in U.S. crude oil stockpiles. At 08:23 GMT, U.S. crude for December decreased at $81.92 per barrel, while ICE Brent dropped at $83.12 per barrel.
read more... 27/10/2010