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Daily: UK gas prices drop on warmer weather forecast
Crude oil futures registered a slight increase on Monday in thin trade, reversing earlier losses, as the market assimilated mixed economic and industry data from the United States and China, the greatest oil consumers in the world. Brent crude front-month edged up 28 cents to settle at $109.09 a barrel, after earlier dropping below $108 a barrel. The August contract expires on Tuesday. Meanwhile, U.S. crude oil traded 37 cents up to close at $106.32 a barrel after slipping below $105 earlier in the session, following the publication of the U.S. retail sales data.
read more... 16/07/2013
France keeps saying no to shale gas development
Even if France is viewed as one of the most promising countries in Europe in terms of shale gas reserves, in 2011 the French government imposed a moratorium on hydraulic fracturing for shale gas due to worries about its potential impact on the environment.
read more... 15/07/2013
Romania: Chevron won the approval to start shale gas exploration
US oil giant Chevron obtained permits to drill exploration wells for shale gas in the areas in eastern Romania. Chevron will explore for shale in three blocks of 670,000 acres near the Black Sea. The permits will consent to Chevron to drill at depths of between 10 and 15 meters within an area that measure 1,800 square kilometers.
read more... 12/07/2013
Daily: UK gas prices increase on lack of Dutch imports
Brent crude traded around three-month high on Thursday, backed by the expectations that the Federal Reserve will keep its stimulus programme to support the U.S. economy, while a considerable decline in crude stocks pushed U.S. oil to near 16-month peaks.
read more... 12/07/2013
Daily: British gas prices drop on oversupply, warm weather
Brent crude dropped towards $107 on Wednesday on worries about weakness in the recovery of China, the world's second biggest oil consumer, while U.S. crude traded higher after data showed a bigger-than-expected fall in crude oil stockpiles.
read more... 11/07/2013