Latest news
Shell declares “force majeure “on Nigeria’s oil exports
Royal Dutch Shell has reported 6 oil spills at its pipeline in Nigeria since the beginning of the month, blaming the act of sabotage, which caused a temporary production shortage.
read more... 26/08/2011
Daily - power on a new three-week highest settlement
Crude oil futures were mixed on Wednesday in a choppy trading on weighed expectations for a possible revert of Libyan oil exports against a tumble in crude oil inventories in the United States.
read more... 25/08/2011
Daily energy Overview, Tuesday, August 23, 2011
Crude oil futures were mixed on Monday as gains on Wall Street supported sentiment toward oil prices and raising expectations that exports of high-quality oil from the OPEC member states could resume fairly soon.
read more... 23/08/2011
Kazakhstan to boost its oil exports
The construction of an oil pipeline started on Friday in Kazakhstan that will lead to an increase in oil exports from an oil field owned by the major energy company Chevron Corp. It marked the start of work enhancing the Caspian Pipeline Consortium route in the Western part of Kazakhstan.
read more... 05/07/2011
Daily energy Overview, Friday, June 24, 2011
U.S. crude oil futures slipped to a four-month low level on Thursday on news that the International Energy Agency will release 60 million barrels of oil from its reserves to make up for a loss of Libyan exports in global oil markets and on weaker economic data.
read more... 24/06/2011