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Daily: Crude oil prices settle higher on dollar depreciation
Crude oil futures reversed the course on Monday after a strong sell-off the previous week and settled higher on the U.S. dollar depreciation. Brent crude for November delivery rose 48 cents to settle at $92.79 a barrel, after reaching a low of $91.25 a barrel intraday. The benchmark stroke $91.48 a barrel on Friday, the lowest level since June 2012. U.S. crude for November crude boosted 60 cents to close at $90.34 a barrel.
read more... 07/10/2014
Norway: Statoil signs deal to vend gas to Ukraine’s Naftogas
Norwegian energy company Statoil has inked an agreement to vend gas to Ukraine state gas firm Naftogaz, according to the Nordic company on Friday, supplying another source of gas for Ukraine after Russia’s halt of supplies.
read more... 06/10/2014
Daily: World crude oil prolong months-long string of declines on U.S dollar appreciation
World crude oil prolonged months-long run of declines on Friday, with Brent hitting a new 27-month low as the dollar appreciated following optimistic U.S. employment data and further signs of robust oil supply. Brent crude for November delivery fell $1.11 to settle at $92.31, after earlier touching $91.48 a barrel, its weakest level since June 2012. WTI November crude dropped by $1.27 to settle at $89.74 a barrel.
read more... 06/10/2014
Britain’s SSE signed long-term gas deal with Norway’s Statoil
British company SSE has signed gas supply contract for a period of 6 years with Norway's Statoil for 500,000 therms (1.4 million cubic metres) of gas daily, according to SSE on Friday.
read more... 06/10/2014
Daily: British natural gas prices sank on supply glut, high stockpiles
Brent crude oil prices plunged to a three-month low on Thursday to strike is lowest level since mid-2012, dragged down by intensifying concerns over weak demand, supply glut and signs that Saudi Arabia is in no rush to curb output. Brent crude for November delivery also closed well off the day's low, dropping 74 cents to settle lower at $93.42. It earlier slipped to $91.55, its lowest level since June 2012. U.S. crude for November delivery recovered 28 cents at $91.01 per barrel, after earlier tumbling to $88.18, its lowest intraday level since April 2013, on data showing a 1.7 million-barrel drop in Cushing stockpiles.
read more... 03/10/2014