Brent crude posted a modest gain on Tuesday buoyed by unrest in Libya, pulling upward U.S. oil for July delivery even if domestic inventories were expected to climb.
read more... 21/05/2014
Hungarian oil and gas conglomerate MOL intends to make more acquisitions in order to increase its retail market share in central Europe, where an economic recovery is ongoing and motor fuel sales are expanding, as stated by MOL's downstream manager.
read more... 21/05/2014
U.S. crude oil prices soared to about one-month highs on Monday a day before the June contract’s expiration on the back of dollar depreciation, while Brent prices slipped alongside the drop in global equities which offset the impact of low Libyan output.
read more... 20/05/2014
The tension between Russia and Ukraine would not threaten the huge Yamal LNG project in Russia, even though the company deals with several financing problems and access to some materials under embargo, according to the statement made by French oil major Total on Friday.
read more... 19/05/2014
Brent crude oil rebounded on Friday to settle about 2 percent higher on the week, spurred by worries about output in Libya, where protesters closed again two oilfields, while violent confrontations burst in the east. Brent crude rose by 66 cents to close at $109.75 a barrel, posting a weekly gain of 1.8 percent. U.S. crude increased by 52 cents, or 0.51 percent, arriving at $102.02 a barrel, or 2 percent higher compared with the previous week.
read more... 19/05/2014