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Daily – UK Prompt Gas Prices Up to Almost Two-Week Highs
Brent crude futures slightly increased on Wednesday morning ahead of U.S. Federal Reserve policy meeting expected to bring in further steps to stimulate the economy. Brent crude added 18 cents to $110.72 a barrel by 10:00 GMT, while U.S. crude for November delivery dropped 48 cents to $86.44.
read more... 21/09/2011
IEA announces the proportion of oil release
Last week, the IEA announced that it will release 60 million-barrel of oil from its strategic reserves after consumer nations unsuccessfully exerted pressure on the Organization of the Petroleum Exporting Countries to increase its oil production at a meeting this month.
read more... 28/06/2011
OPEC holds production quotas unchanged
OPEC surprisingly decided at yesterday’s meeting to keep production levels unchanged, causing a rally of oil prices, with a meeting ending in disarray, as senior officials declared.
read more... 09/06/2011
Daily energy Overview, Tuesday, June 07, 2011
U.S. and Brent crude oil futures traded at their lowest level over the last two weeks on Monday on expectations OPEC will increase its output target at its meeting in Vienna. ICE Brent crude for July delivery valued 114.48 dollars a barrel, down 1.18 percent after trading from 113.96 to 116.14 dollars, while U.S. crude traded at 99.01 dollars a barrel, down 1.21 dollars, after trading between 98.64 and 100.68 dollars.
read more... 07/06/2011
Iran sees No Reason for OPEC Extraordinary Meeting
Iranian Oil Minister Masoud Mirkazemi, the actual OPEC president, declared on Sunday that despite the oil hike of over $100/barrel, there was no need to hold an emergency meeting of the oil producers, members of the Organisation of Petroleum Exporting Country (OPEC).
read more... 28/03/2011