Latest news
Norwegian gas not flowing to UK
One of the major Norwegian pipelines, Langeled, is down because of a planned maintenance. The pipeline is a very important artery that ships natural gas to the UK market.
read more... 26/05/2010
Oil swings near $68 on high stocks worries
Oil swings near $68, after registering a seven-month low on Wednesday, the third decrease this week, as consequence of increasing U.S. crude stocks, influenced by stricter financial regulation in the U.S. and implications of Europe debt crisis on most commodities.
read more... 19/05/2010
Oil drops below $70 per barrel
Oil hit its lowest three months’ level below $70 per barrel on Monday, registering a loss of about 17% during last two weeks, due to Europe's debt crisis, the weak euro and increasing U.S. oil stocks.
read more... 17/05/2010
The oil price decreases bellow $76 per barrel
On Wednesday, the oil price dropped again, this time bellow $76 per barrel, due to the worries concerning the incapacity of the emerging economies to compensate the cuts of the oil consumption during the debt crisis initiated in Europe.
read more... 12/05/2010
Oil price fell
Both, the strengthening of U.S. dollar and large U.S. crude and fuel stocks, have influenced the oil price on Tuesday which fell below $86 per barrel, after reaching $87.15 per barrel on Monday, the highest level for the last 19 months, when the price for oil crude reached $89.82, in October 9, 2008.
read more... 04/05/2010