Latest news
Russia and China make a 150 billion dollar deal.
The number one producer of crude makes a deal with the number two consumer worth about $150 billion over the next 20 years. This deal comes as the pipeline ESPO (East Siberia to Pacific Ocean Pipeline) was finished, which has a capacity of 300,000 barrels per day and a length of 925 km.
read more... 28/09/2010
Daily Energy Market Overview 09.27.2010
Oil was up to $77 per barrel on Monday. At 07:33 GMT, U.S. crude for November delivery increased from $76.49 per barrel to $76.74 per barrel, after registering the highest price of $76.85 per barrel on September 14. ICE Brent for November increased $0.09 at $78.96 per barrel.
read more... 27/09/2010
Belarus looking for oil imports through Latvia.
Belarus is trying to find solutions to import Venezuela crude, as it has entered negotiations with Latvia. Two test loadings have already been delivered to Belarus through Latvian and Estonian ports; thereby Minsk showed its interest in further cooperation with Latvia.
read more... 27/09/2010
Daily Energy Market Overview 09.24.2010
Oil price dropped below $75 on Friday. ICE Brent crude fell $0.30 cents to $77.81. At 06:41 GMT, U.S. crude for November dropped $0.33 to $74.85 per barrel. Still, actual prices are considered stable, registering a gain over 1.6% during last six weeks.
read more... 24/09/2010
Daily Energy Market Overview 09.23.2010
Oil price was set below $75 on Thursday after an unexpected increase in U.S. crude and gasoline stockpiles. At 06:26 GMT, U.S. crude for November increased 15 cents to $74.86 a barrel, while November ICE Brent decreased 19 cents to $77.76.
read more... 23/09/2010