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Daily: Brent crude steady on supply disruptions in Nigeria and Libya
Brent crude held steady on Wednesday, because of supply disruptions in Nigeria and Libya and tensions over annexation of Crimea to Russia, while U.S. crude increased by more than $1 per barrel due to an eighth straight weekly draw in oil stocks at the contract's delivery point in Cushing, Oklahoma.
read more... 27/03/2014
Daily: German power contract Cal ’15 hits nine-year lows on falling German business morale
Brent crude oil futures boosted on Tuesday on fresh geopolitical risk over Russia and supply disruptions in Nigeria and Libya, while U.S. WTI crude were dragged down by forecasts for stronger domestic commercial crude stocks.
read more... 26/03/2014
Daily: Brent crude declines on flat manufacturing data in China amid chopping trading
Brent crude oil dropped and WTI crude climbed slightly in chopping trading on Monday as flat manufacturing activity in China eclipsed the supply concerns over the Ukraine crisis and civil unrest in Libya.
read more... 25/03/2014
Daily: Crude oil futures trade higher on new round of sanctions over Russia
Crude oil futures traded higher on Friday on new round of sanctions from U.S. and Europe on Moscow prolonged fears of a supply disruption from Russia, the world's second largest oil producer.
read more... 24/03/2014
Croatia to aid EU diversify energy supply options
Croatia is on the way to turn into a regional hub for energy production and transport, helping other EU members to diversify supply, according to the declaration made on Thursday by Alen Leveric, the deputy economy minister. EU leaders consider this move very important since they want to reduce reliance on Russian gas.
read more... 21/03/2014