Crude oil futures went up on Thursday in volatile trading as the dollar weakened and the euro surged on news about a new program for debt-laden Greece. U.S. crude for July delivery traded at 100.40 dollars a barrel, up 11 cents, after a trading range between 98.46 and 100.90 dollars, while ICE Brent crude for July delivery settle at 115.54 dollars a barrel, up 1.01 dollars, trading from 113.74 to 115.83 dollars.
read more... 03/06/2011
In the wake of German nuclear energy phase out, British nuclear power plants have to pass a “stress test” starting next month. European safety regulators have agreed on the assessment of all nuclear plants against risks caused by natural disasters starting June 1st.
read more... 03/06/2011
Reef Subsea AS, an international cost-effective company providing subsea services for developers of oil & gas and renewable projects, announced it has signed a contract for completion of an offshore wind farm set in the Suffolk coast of the UK, Greater Gabbard, that will become the world’s largest offshore wind farm.
read more... 03/06/2011
The Russian government decided to keep the mineral extraction tax on the independent gas producers unchanged in 2012, Finance Minister Alexei Kudrin said on Wednesday. According to him, the increase of the mineral extraction tax will affect the gas monopoly, Gazprom.
read more... 03/06/2011
U.S. and Brent crude futures continued to fall on Wednesday in post settlement trading following revealed API data that indicated an unexpected increase in American crude stockpiles last week. By 20:45 GMT, NYMEX crude for July delivery traded at 99.68 dollars a barrel, down 3.02 dollars, while ICE Brent for July delivery traded at 114.10 dollars a barrel, down 2.63 dollars.
read more... 02/06/2011