Latest news
Spain’s Repsol unveils a significant hydrocarbon discovery in West Siberia
Spanish oil major Repsol unveiled it made two new hydrocarbon discoveries in relatively unexplored side of West Siberia. If combined, the two discoveries represent Russia’s largest hydrocarbon find for two years.
read more... 24/06/2014
Daily: WTI crude oil rallies at the nine-month high on short-covering
U.S. crude oil rallied above $107 a barrel on Friday, hitting a new nine-month high on short-covering ahead of the July contract expiry, while Brent retreated on profit-taking as worries attenuated over supply disruptions in Iraq.
read more... 23/06/2014
Daily: European coal prices plunge to new multi-year lows on oversupply
Brent crude rocketed to a nine-month high over $115 a barrel on Thursday as the United States said it would send up to 300 military advisers to Iraq, increasing worries about an intensification of conflict. Brent boosted 80 cents to hit $115.06 a barrel, the highest level since September 6. The U.S. crude oil futures contract for July delivery, which expires on Friday, increased 46 cents to close at $106.43.
read more... 20/06/2014
Daily: Brent crude rallies to nine-month high on Iraq supply disruption concerns
Brent crude oil rocketed to a nine-month high on Wednesday supported by concerns about potential supply disruptions due to turmoil in Iraq, while U.S. crude dropped after data from the U.S. Energy Information Administration (EIA) showed domestic crude stockpiles declined much less than the industry group American Petroleum Institute (API) had reported.
read more... 19/06/2014
Statoil discovers more gas off Tanzania
Norway's Statoil declared on Wednesday it had discovered more gas off Tanzania, increasing possibilities that a projected liquefied natural gas (LNG) plant could be larger than originally intended.
read more... 19/06/2014