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Rosneft and Exxon strike oil discovery offshore Arctic oil
Russia’s first crude oil producer Rosneft and the major Exxon Mobil Corp. unveiled an oil discovery at the controversial offshore Arctic field amid Western sanctions against Moscow.
read more... 29/09/2014
Daily: Brent crude closes flat, WTI crude increases on bullish economic data
Brent crude futures ended unchanged on Friday as growing supply and worries about weak demand for oil in Europe and China reduced concerns about the Middle East conflicts, while U.S. crude rallied on bullish economic data from the United States. Brent crude for November delivery settled flat at $97 a barrel, having fluctuated from $96.46 to $97.50, while U.S. November crude rose by $1.01 to settle at $93.54 a barrel.
read more... 29/09/2014
Statoil stops Aasgard A output because of bad weather
Norwegian oil and gas corporation Statoil halts production at its Aasgard A field in the Norwegian Sea because of bad weather and anticipates production to recommence on Sunday, as stated by spokesperson Morten Eek on Thursday.
read more... 26/09/2014
Daily: European coal futures dip to 5-year lows on oversupplied system
Brent crude oil prices remained unchanged, while U.S. crude dropped slightly in choppy trading on Thursday as healthy supply and a strong U.S. dollar helped to offset worries about tensions in the Middle East would cut disrupt output. Brent increased by 5 cents to close at $97.00 a barrel after oscillating by more than $1 between $96.22 and $97.56 throughout the session. West Texas Intermediate (WTI) fell 27 cents to settle at $92.53.
read more... 26/09/2014
Daily: European carbon allowances recover from an 11-week low, up 2.7%
Crude oil prices closed higher on Wednesday, recovering from previous losses after a report showed a surprising drawdown in crude oil stockpiles in the United States, the biggest consumer in the world. Brent crude for November delivery boosted by 10 cents to settle at $96.95 a barrel, increasing over $1 from $95.60, the lowest level since July 2012. WTI crude gained $1.24 arriving at $92.80 a barrel.
read more... 25/09/2014