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Daily: Brent crude dips as supply glut offsets Mideast turmoil
Brent crude oil dropped on Tuesday as plentiful global supplies offset tensions in the Middle East, while U.S. crude oil rebounded after four sessions of losses. Brent crude for November delivery slipped 12 cents to close at $96.85 a barrel after increasing as high as $97.59 a barrel in early trading. WTI crude jumped 69 cents to settle at $91.56 a barrel, recovering from a session low of $90.58, which was its weakest level since September 11. Its premium to Brent narrowed to around $5.25 a barrel.
read more... 24/09/2014
Gazprom envisages condensate exports from Kirinskoye fields
Russia's leading gas producer Gazprom is envisaging gas condensate exports from its Sakhalin offshore group of Kirinskoye oil, gas and condensate fields, as stated on Wednesday by Viktor Timoshilov, an official at the state-owned company.
read more... 24/09/2014
Daily: European prompt power prices decline on considerable drop in wind power capacity
Crude oil futures dropped on Monday as plentiful supply and declining economic growth in Europe and China eclipsed expectations of a reduction in oil production from the Organization of the Petroleum Exporting Countries (OPEC). Brent crude for November delivery eased $1.42 to close at $96.97 a barrel, having slipped $2.01 intraday to $96.38. The WTI October crude contract slipped 89 cents to settle at $91.52 a barrel and, down for a fourth consecutive session, while U.S. November crude closed at $90.87, down 78 cents.
read more... 23/09/2014
Daily: Brent drops back under $98 on lower demand, abundant supply
Brent crude dropped under $98 a barrel on Monday, a decrease for the third session in four, since lower demand and plentiful supplies outweighed a potential halt in oil production from the Organization of the Petroleum Exporting Countries (OPEC).
read more... 22/09/2014
Siemens: $7.6 billion agreement to purchase Dresser-Rand
Industrial company Siemens AG declared on Monday it would purchase U.S. oilfield equipment producer Dresser-Rand Group Inc for $7.6 billion aiming to considerably increase the German firm's oil and gas operations in North America.
read more... 22/09/2014