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Daily: Brent oscillates on Fed monetary policy, Libya unrest
Brent crude oil prices have fluctuated on Friday, but still headed for the largest weekly gain since early July, following expectations that the U.S. Federal Reserve will continue its easy monetary policy for now and as Libyan civil unrest slashed supplies.
read more... 18/11/2013
Daily: UK prompt gas prices slip on oversupplied market
U.S. crude futures increased by nearly $2 a barrel on Wednesday, recovering from four-month lows, on surprisingly large declines in U.S. fuel supplies to narrow its spread with European Brent crude by more than $1. Meanwhile, Brent traded higher, supported by concerns about prolonged supply outages in Libya as the peak northern hemisphere winter heating season emerges.
read more... 07/11/2013
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
South Stream pipeline project - one of the most ambitious infrastructure projects
Russia is currently one of the most important commercial energy partners for Europe, and has always represented a certain and constant supply of gas for many European countries. At present, an important project combines the interests of both Russia and Europe- the South Stream project. Officially, the South Stream is a method for Russia to improve the reliability of its gas supplies to Europe, its largest export market. It will reach this objective by redirecting Russian gas supplies to Europe.
read more... 30/10/2013
Daily: European power prices increased on lower wind production
Brent crude oil futures decreased below 111 dollars on Friday, due to improved supplies which counterbalanced optimism for a possible end to the U.S government shutdown. Brent oil was down 77 cents at $111.28 per barrel at 1415 GMT, while U.S. crude decreased $1.75 at $101.26 per barrel, on track for its fourth weekly decline in five weeks.
read more... 14/10/2013