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US authorises limited crude oil exports to Europe
The U.S. government has approved some new licenses to export crude oil to Europe for the first time after the country banned crude exports following the oil shocks of the 1970s. In December last year, Exxon Mobil Corp. joined Royal Dutch Shell and ConocoPhillips in publicly urging a repeal of the 1970s era federal law that strictly limits exports of domestic oil.
read more... 05/02/2014
Daily: European power prices firm alongside carbon prices
Brent crude oil registered at a three-month low on Tuesday, dragged down by the downturn in emerging markets, while U.S. crude settled higher, spurred by continued demand for heating fuels and the expectation of oil inventory figures to indicate a large draw from storage at the benchmark's delivery point, at Cushing, Oklahoma.
read more... 05/02/2014
Daily: European spot power prices deviate, widening the spread between contracts
Brent crude oil prices declined on Monday, but the losses were capped after traders started to purchase contracts to offset the spread between the European benchmark and its U.S. counterpart, West Texas Intermediate. Brent slipped 36 cents to settle at $106.04 a barrel, after declining during the session to a near three-month low of $105.40.
read more... 04/02/2014
Daily: European power spot prices down on lower demand
Brent crude oil increased on Thursday to about $108 per barrel, while U.S. crude reached its highest level in a month as extremely cold weather gripped the entire nation, fact which has boosted heating oil demand. Brent crude rose 10 cents to settle at $107.95 a barrel. U.S. crude settled up 87 cents at $98.23.
read more... 31/01/2014
Daily: British gas prices near winter lows amid weak demand, ample supplies
Brent crude oil registered a slight increase, buoyed by supply concerns in Middle East, as the Syrian civil war has impeded development of Iraq's oil and gas reserves and a key pipeline to the Mediterranean has exploded dozens of times. Brent oil increased 44 cents to settle at $107.85 per barrel.
read more... 30/01/2014