China National Offshore Oil Corporation (CNOOC) signed on Tuesday a 20-year deal with London-based oil giant BP for liquefied natural gas (LNG) supply.
read more... 18/06/2014
Brent oil was steady above $113 per barrel and WTI crude oil dropped modestly on Tuesday as fears over a possible oil disruption from Iraq attenuated amid speculations that unrest in Iraq will not extend to the main oil-producing areas in the nation’s south.
read more... 18/06/2014
Brent crude oil futures boosted in choppy trading on Monday as Sunni insurgents advanced in Iraq, raising concerns over an eventual interruption to oil exports from OPEC’s second-largest producer. WTI crude oil futures fell as traders booked profits as oil futures rallied to a session peak of $107.54.
read more... 17/06/2014
Crude oil prices hiked to fresh nine-month highs on Friday on continuous worries that a rebellion in Iraq could cut oil exports from the second-biggest OPEC producer.
read more... 16/06/2014
Crude oil prices rallied to nine-month highs on Thursday, buoyed by worries that the intensifying violence in Iraq could cut oil supply from the second-largest OPEC producer. Brent futures rose by $3.07 to close at $113.02 a barrel, the highest level since September 9, while WTI oil gained $2.13 to end at $106.53 a barrel, posting equally the highest settlement price since September 18.
read more... 13/06/2014