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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
Daily: Crude oil prices decline on unseasonably gloomy demand, crude and refined products ample supplies
Crude oil futures dropped on Thursday as unseasonably gloomy demand and ample supplies of crude and refined products compensated strong Chinese manufactory data which in July posted its fastest growth in 18 months. Brent crude for September delivery declined 96 cents to settle at $107.07 a barrel, after closing 70 cents higher on Wednesday, while the American benchmark, WTI crude fell $1.05 to close at $102.07 a barrel, after increasing 73 cents in the previous session. The spread between the two benchmarks settled at $5.
read more... 25/07/2014
Daily: German power prices at 4-month high on threat of new sanctions against Russia
Crude oil prices increased on Wednesday, as oil inventories in the U.S. dropped more than predicted and as geopolitical tensions in Eastern Europe and the Middle East continued. Brent crude for September delivery boosted 70 cents to close at $108.03 and continued to rebound in post-settlement trade to hit $108.19 at 3:48 p.m. EDT (1948 GMT), while U.S. crude for September delivery boosted 73 cents to $103.12 a barrel.
read more... 24/07/2014
Obama paves the way for East Coast oil and gas exploration
The Obama administration gave the green light o Friday to the Eastern Seaboard to be reopened to offshore oil and gas exploration, a milestone decision in decades.
read more... 23/07/2014