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Daily: Brent crude slumps amid strong OPEC oil production
Brent crude slipped on signs of strong OPEC oil production, while U.S. crude also declined on Thursday, going below $98 a barrel, reaching the weakest level since March amid news of an eventual closure for indefinite period at a Kansas oil refinery. Brent crude for September delivery closed down 49 cents at $106.02 a barrel, having declining more than 6 percent in July, on track to hit its biggest monthly fall since April 2013. U.S. crude futures for September delivery slipped $2.10 to settle at $98.17 a barrel, on course for a monthly drop of nearly 7 percent, its largest since May 2012.
read more... 01/08/2014
Daily: European power prices fall as fears of Russia sanctions attenuate
Crude oil prices dropped on Wednesday, with Brent falling due to supplies glut in Europe and Asia, while U.S. crude followed the trend despite a larger-than-expected decline in national inventories. Brent crude tumbled $1.21 to settle at $106.51 a barrel. WTI crude fell 70 cents to close at $100.27 a barrel, after hitting a low of $99.90.
read more... 31/07/2014
Eni Italian workers face a strike over plants closure
Thousands of workers (about 90%) of the Italian multinational oil and gas company Eni joined to a strike call on Tuesday in an effort to save the jobs put at risk by the threatened closure or converting of some oil refiners owned by the Italian giant.
read more... 30/07/2014
Daily: European power prices increase on further sanctions concerns against Russia
Crude oil declined on Monday on signs of supplies surplus of North Sea and West African crude and as sluggish demand in Europe and Asia counterbalanced fears of intensifying tensions in Ukraine and in the Middle East. Brent crude for September delivery fell 82 cents to settle at $107.57 a barrel, after hitting a low of $107.01 earlier in the session. WTI crude futures for September delivery dropped 42 cents to settle at $101.67, rebounding from an intraday low of $100.90.
read more... 29/07/2014
Statoil obtains authorization to prolong lifetime of the Heimdal gas unit
Norway's oil safety supervisory body has authorized Statoil to manage its oil and gas facilities at the Heimdal field until 2034, beyond previous plans for operations until 2021, it declared on Monday.
read more... 29/07/2014