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China, India, Japan and South Korea have reduced Iranian oil imports
Asia's main purchasers of Iranian crude oil have reduced imports by about 15 per cent in 2013, but imports may augment in coming months, on the rise of turmoil in Africa which menaces to tighten global oil supplies. Tough U.S. and EU sanctions have slashed exports from the OPEC member by more than half to about 1 million barrels per day (bpd).
read more... 27/12/2013
Daily: European carbon allowances at the seven day low despite price support plan
Brent crude oil increased by 1.5 percent on Monday, backed by expectations for rising demand that emerged from stronger European economic data, while supplies from Libya remained considerably reduced.
read more... 17/12/2013
Daily: British gas prices increased due to reduced supplies from Norway
Brent crude stay above $109 a barrel on Tuesday ahead of economic data from China, which may confirm signs of stabilizing growth and fuel demand in the world's second largest oil consumer. Brent crude for January increased 14 cents to $109.53 per barrel by 03:15 GMT, while the U.S. crude futures for January delivery increased 18 cents to $97.52 per barrel. Brent's premium to WTI lessened about $7 in almost two weeks as TransCanada Corp has begun filling a 700,000 barrel-per-day pipeline, which will transport crude oil from Cushing to Gulf Coast refiners.
read more... 11/12/2013
Daily: British day-ahead gas at the highest level since April on Norwegian production outage
Brent crude futures climbed to a 10-week high on Monday, buoyed by strong manufacturing data from China and the United States, and concerns about supplies of Russian crude. Brent crude for January traded $1.76 higher to settle at $111.45 a barrel, after touching a session high of $112.34. Meanwhile, U.S. crude increased $1.10 to settle at $93.82 a barrel. The spread between the two contracts closed at $17.63, after having fluctuating over $2 between $16.22 and $18.44 during the session.
read more... 03/12/2013
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