Latest news
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
Daily: European coal prices dip to near a five-year low pressured by strong dollar
Crude oil prices dropped toward $94 a barrel on Wednesday, prolonging a three-month losing stretch, dragged down by pessimistic economic figures from China and Europe and as plentiful global supply continued to weigh. Brent crude closed 51 cents lower at $94.16 a barrel, its weakest settlement since June 2012, after previously edging up at $96.23. U.S. crude, which on Tuesday posted its biggest one-day decline since November 2012, closed 43 cents higher at $90.73.
read more... 02/10/2014