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Daily: European carbon allowances near to one-month high on reduced supply
Brent crude futures increased over a dollar a barrel on Thursday on reciprocal incrimination of aggression by Ukraine and Russia, intensifying concerns over eventual oil supplies, while optimistic economic data in the U.S. showed stronger demand.
read more... 25/04/2014
Daily: Crude oil futures drop as U.S. oil stockpiles hit a record high
Crude oil futures fell on Wednesday after the U.S. Energy Information Administration reported that U.S. crude stockpiles reached a record high. However, Brent succeeded to close above $109, gaining support from the continuing confrontation in Ukraine.
read more... 24/04/2014
BP vends interest in four Alaska oil fields for unrevealed amount
British oil and gas most important company BP Plc vended its interests in four oilfields on the Alaska North Slope for an unrevealed amount to oil and gas producer Hilcorp, as stated by the company on Tuesday.
read more... 24/04/2014
Daily: European power prices rebound after Easter decline
Brent crude fell on Tuesday, but the losses were capped by continued worries about the intensification of conflicts in Eastern Ukraine, that could trigger further Western sanctions against Russia and cut supplies. WTI crude oil also declined on Tuesday ahead of figures that should indicate that stockpiles in the U.S. were close to hit record highs. The unequal decrease of West Texas Intermediate crude futures drove to the widening of the Brent-WTI spread by more than a dollar.
read more... 23/04/2014
Daily: U.S crude oil futures post a slight gain on upbeat economic indicators
Brent crude oil posted a modest gain, while U.S. crude futures showed a slight increase due to optimistic economic data on Monday. However, prices were range-bound in low volumes due to Easter holiday on Sunday, without any intensification of conflicts in Ukraine.
read more... 22/04/2014