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Total’s five refineries back to work
After a two week strike, Total’s five refineries have restarted operations, as workers at Gonfreville decided to return to work. The protesters, led by the CGT union, insist on an improved pay offer from Total but the company has refused to reopen talks after other unions approved a deal this month.
read more... 30/12/2013
Eni and Rosneft signed agreements on oil supplies to Europe
Russia's Rosneft, the world's top listed oil producer, and Italy’s Eni have signed an agreement regarding oil supplies to European refineries. The new strategic accord was signed amid increased cooperation and growing trades between Russia and Italy. Under the terms of the deal, Rosneft would furnish something like 1 million tonnes of oil to Eni's refineries, while Eni would supply 400,000 tonnes.
read more... 03/12/2013
Daily: U.S. crude oil at five-month low on high supplies
Brent crude oil dropped on Tuesday after reaching a fourth-month low in the previous session, while U.S crude oil futures closed at their lowest level in five months, dragged down by forecasts for increasing supplies and persisting weak demand as Gulf Coast refineries were expected to remain out of service at least by the end of this week.
read more... 06/11/2013
Daily: Crude oil prices pare losses after pipeline resumes activity
Crude oil prices on both sides of Atlantic pared losses on Monday as operations of the Seaway oil pipeline delivering crude oil from Cushing, Oklahoma to Gulf Coast refineries, resumed after a short shutdown. Cushing represents the delivery point for the U.S. oil futures contract. Meanwhile, U.S. crude oil dropped by 81 cents to settle at $103.03 a barrel, after trading close to $2 a barrel lower at $101.86 earlier in the session. The contract dipped below the 100-day moving average of $102.45. Brent crude futures pared earlier losses to settle 22 cents higher at $109.68 per barrel, after earlier trading as low as $107.89.
read more... 08/10/2013
Daily: EU carbon prices recover after a one-month low
Brent and U.S. crude futures rose on Thursday, overtaking a string of seven lower settlements, backed by optimistic UK economic data and a rally by refined products futures on fears about Hurricane Sandy hitting refineries on the East Coast.
read more... 26/10/2012