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Daily: British gas prices increased due to reduced supplies from Norway
Brent crude stay above $109 a barrel on Tuesday ahead of economic data from China, which may confirm signs of stabilizing growth and fuel demand in the world's second largest oil consumer. Brent crude for January increased 14 cents to $109.53 per barrel by 03:15 GMT, while the U.S. crude futures for January delivery increased 18 cents to $97.52 per barrel. Brent's premium to WTI lessened about $7 in almost two weeks as TransCanada Corp has begun filling a 700,000 barrel-per-day pipeline, which will transport crude oil from Cushing to Gulf Coast refiners.
read more... 11/12/2013
Brent and WTI crude oil benchmarks converge
U.S. oil futures traded above the global crude-market benchmark, North Sea Brent, for the first time since 2010 in intraday trading on Friday as signs of strong demand from U.S. refiners boosted spread trading and bets that the era of the U.S. discount was ending.
read more... 24/07/2013
Daily: U.S. crude hits a 16-month high on stronger demand from refiners
U.S. crude oil futures rose above the global crude-market benchmark, North Sea Brent, for the first time since 2010 on Friday on higher demand from U.S. refiners.
read more... 22/07/2013
Daily: British gas prices trade higher on undersupplied system, cold weather
Brent oil futures for delivery in June settled slightly higher on Thursday backed by a weaker dollar even if a set of slow U.S. economic data capped gains in the stock market. Brent July crude futures settled 28 cents higher at $103.78 per barrel, while U.S. oil increased 86 cents at $95.16 per barrel, after closing off the 200-day moving average on Wednesday. The spread between U.S. benchmark West Texas Intermediate and European Brent extended beyond $10 per barrel for the first time since May 7, mirroring a costly rail transport bill for U.S. refiners and settling at $8.64.
read more... 17/05/2013
Saras and Rosneft to form a joint venture for trading and processing crude oil
Saras SpA, one of Italy's biggest oil refiners by capacity, and Russia's largest crude producer Rosneft will form a joint venture for the trading and processing of crude oil and the selling of petroleum products.
read more... 19/12/2012