U.S. crude oil futures ended nearly unchanged on Tuesday, but rebounded after the settlement trade closure after the industry group the American Petroleum Institute unveiled that crude inventories fell the previous week, challenging analysts’ expectations for an increase. Meanwhile, Brent crude prices declined on Tuesday dragged down by the restart in Libyan supply.
read more... 07/05/2014
Brent crude oil dropped by more than $1 a barrel on Monday, dragged down by news that China’s manufacturing sector contracted for the fourth successive month in April and oil output in Libya was rebounding.
read more... 06/05/2014
Eni, Italy’s biggest energy group, has unveiled a new offshore oil and gas discovery in the Norwegian Barents Sea, about 230 km from Hammerfest.
read more... 06/05/2014
The US has made known about the financial support estimated at $30 million (£17.8m) for technologies to determine methane emissions in the oil and natural gas sector in an effort to effectively slash them.
read more... 05/05/2014
Crude oil prices boosted on Friday on escalating violence in Ukraine and as data showed that U.S. employers hired in April at the quickest pace in more than two years, dragging down unemployment to a 5-1/2-year low of 6.3 percent.
read more... 05/05/2014