Latest news
BG Group transferred worldwide LNG, oil trading headquarters to Singapore
BG Group has transferred its headquarters for worldwide oil and liquefied natural gas (LNG) trading from the United Kingdom to Singapore in order to be nearer to clients in the emergent Asian region, as stated by the company on Monday.
read more... 07/04/2014
Daily: Global crude oil benchmarks increase on U.S. jobs growth, Libya doubts
WTI crude price boosted on Friday following the publication of a report showing strong jobs growth in March in the United States and the European crude benchmark followed the way as investors doubted that the eight-month blockage of Libya's oil export ports would come to end after rebels and the government declared they were close to reach a consensus.
read more... 07/04/2014
Daily: German power contract continues its downward trend
Brent crude increased by $1 on Thursday, rebounding from a five month low on hopes that eight-month deadlock that depleted oil exports and revenue in Libya would come to the end.
read more... 04/04/2014
Daily: Brent crude oil drops by about $1 on Libyan ports reopening
Brent crude oil dropped by about $1 to its weakest level in almost five months on Wednesday, dragging down U.S. crude with it, as Libyan government declared that they could reach to a deal with rebels to reopen the ports after months of closures. Brent crude oil closed 83 cents lower at $104.79 a barrel after declining to $103.95, its lowest point since November 8.
read more... 03/04/2014
Daily: Brent crude dips nearly to 5-month low on China, Europe manufacturing data
Brent crude oil futures dropped on Tuesday to hit almost a five month-low on pessimistic manufacturing figures from China and Europe. WTI oil futures also posted a decline as analysts forecasted an increase in crude stocks for 11th straight week in a row.
read more... 02/04/2014