Latest news
Daily – Italy's credit rating lowered by S&P
Oil prices increased on Tuesday recovering from deep losses on concerns over global economy as ratings agency S&P downgraded Italy and uncertainty that Greece can avoid default on its repayments persisted.
read more... 20/09/2011
Daily – Equity rally sends crude futures higher
Oil prices increased on Thursday on the back of a surge in European equities, a lower dollar, and a recovered risk appetite after euro zone leaders reiterated their commitment to supporting Greece. By 10:12 GMT, Brent crude for October, which expires today, increased by $2.12 cents at $114.52, whilst the November contract increased by $2.15 cents at $111.80. U.S. crude rose 30 cents to $89.21 a barrel.
read more... 15/09/2011
Daily – oil prices mixed on discouraging manufacturing data in Europe
NYMEX and Brent crude were mixed on Thursday on discouraging manufacturing data in Europe and new concerns over Greece ability to tackle its deficit problems and struggled Gulf of Mexico production on a possible storm threat.
read more... 02/09/2011
Greece renegotiates lower gas prices with Gazprom
The public gas supply corporation of Greece, called DEPA, has successfully renegotiated the long- term supply contracts with the Russian energy giant, Gazprom.
read more... 01/09/2011
Daily – oil up on rising consumer data
NYMEX and Brent crude oil futures increased on Monday as consumer data indicated a highest increase in five month in July and a merger of two big banks in Greece supported hopes for the euro zone debt crisis.
read more... 30/08/2011