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Could the attack on Syria trigger a fuel crisis?
The worries that a potential US strike on Syria would spread unrest and further disrupt Middle East crude supplies had driven up oil prices in recent weeks.
read more... 10/09/2013
Eni strikes the biggest ever gas discovery offshore Mozambique
Italy –based Eni has unveiled a new significant impact discovery offshore Mozambique, while working in its Agulha exploration prospect.
read more... 06/09/2013
Daily: Crude oil futures up on both sides of Atlantic on optimistic U.S economic data
Crude oil futures increased on both sides of the Atlantic on Thursday on optimistic U.S. economic data and a decrease in U.S. crude inventories. Brent traded above $115 early in the session as investors worried that supply disruptions could prolong in the Middle East after a U.S. Senate panel voted on Wednesday to back a military strike on Syria. Meanwhile, Brent crude rose 13 cents to $115.04 a barrel by 1:24 p.m. EDT (1724 GMT) after an earlier high of $115.55 and U.S. oil traded 81 cents higher to $108.04 a barrel after earlier reaching $108.54.
read more... 06/09/2013
Daily: European spot power prices down on more wind and sun power generation
Brent crude oil settled lower on Wednesday as it emerged that a military strike against Syria would remain restricted, repressing fears of supply disruptions in the Middle East. U.S. oil lost more than $1 per barrel, as any Middle East conflict might further tighten already restrained global supplies. Brent prices for October delivery decreased 77 cents at $114.91, after trading as high as $116.09 and as low as $114.40. While U.S. crude oil for October delivery established at $107.23 a barrel, decreasing $1.31, or 1.2%.
read more... 05/09/2013
Daily: Brent prices eased as worries over a military strike in Syria eased too
Brent futures decreased on Tuesday as fears over a military strike on Syria alleviated, but stayed above $114 per barrel as investors were paying attention on forecasts of stimulation in demand growth with factory output across most of the world enhancing. Brent crude prices dropped 15 cents to $114.18 per barrel by 0309 GMT while U.S. oil fell 98 cents to $106.68 in comparison to Friday’s levels.
read more... 04/09/2013