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Daily: Crude oil recovers from three-week lows amid stronger demand for fuel
Crude oil prices settled higher, rebounding from three-week lows on Tuesday, as U.S. refined fuel trading increased on stronger summer demand, even as the Greece’ move towards a debt default threatened to hit markets worldwide. The oil rise was also spurred by stronger dollar. Brent crude rose by $1.58, or 2.6%, to settle at $63.59 a barrel. It declined by 3% for June. WTI crude increased by $1.14, or almost 2%, to close at $59.47. It fell 1% on the month.
read more... 01/07/2015
Daily: Crude oil plunges to three-week lows on intensifying Greek crisis, Iran nuclear deal
Crude oil futures touched 3-week lows on Monday as Greece closed its banks and imposed capital controls, triggering widespread risk aversion, while Iran was expected to extend nuclear negotiations with the West to export more of its oil into an already flooded market. Brent crude futures declined by $1.25, or almost 2 percent, to settle at $62.01 a barrel, its lowest level since June 5. U.S. crude eased $1.30, or 2.2 percent, to close at $58.33 a barrel, its weakest settlement since June 8.
read more... 30/06/2015
Daily: Crude oil closes flat, with Brent slightly up after two-day decline
Crude futures settled little changed on Friday after signs that Greece might reach a deal by the weekend to avert a Greek debt default, while Iran struggled to ink a nuclear agreement to halt sanctions on its oil exports. Brent posted a modest rise after declining for two consecutive days, while WTI crude prolonged its downward trend after indications that the country's oil rig count may start increasing soon. Brent crude boosted 6 cents, or 0.1 percent, to settle at $63.26 a barrel. U.S. crude eased 7 cents, or 0.1 percent, to close at $59.63.
read more... 29/06/2015
Greece and Russia will collaborate on Turkish Stream pipeline
Greece and Russia inked a memorandum on Friday on enlarging the planned Turkish Stream gas pipeline to Europe via Greek territory, with financing coming from Russia.
read more... 22/06/2015
Greece, Bulgaria will sign IGB gas pipeline agreement soon
Greece and Bulgaria will sign an agreement in the next weeks to construct a gas pipeline linking the two countries, part of the Southern Corridor infrastructure scheme to transport Caspian gas to Europe, as stated by two Greek energy ministry officials on Friday.
read more... 15/06/2015