Latest news
U.S. crude inventories increase more than estimated
Last week, US crude inventories increased by 4.8 million barrels, much more than estimated, or 1.1 million barrels, whilst the stocks of the products dropped, as stated by American Petroleum Institute on Tuesday.
read more... 02/09/2010
Oil production in Russia decreased by 0.8%
Oil production in Russia declined from 10.14 million barrels in July to 10.06 million barrels in August, according to the Energy Ministry.
read more... 02/09/2010
Daily Energy Market Overview 09.01.2010
US High fuel stocks data made oil slip back below $75 mark. US October contracts were traded at $74.68 per barrel, while ICE Brent fell 34 cents at $76.31.
read more... 01/09/2010
Russia opens the section of the pipeline transporting oil to China
Russian oil sector obtained a new market for its oil with the opening of the East Siberian-Pacific Ocean oil pipeline.
read more... 01/09/2010
Oil price increases towards $72 after the release of the inventories data
The price of crude for October delivery increased to $71.9 after the release of the inventories data and the worries concerning a double-dip decline, caused by the depressing housing data.
read more... 26/08/2010