Latest news
French Total to quit Shtokman gas project
French oil giant Total is envisaging selling its 25 percent stake in the Shtokman Development AG to Russian energy major Gazprom, becoming the last partner to exit from the gas project in the Barents Sea.
read more... 24/09/2013
Daily: Brent crude climbs, while U.S. oil declines on heavy spread trading
Brent crude oil climbed on Friday, while U.S. crude dropped as traders took profits on the spread between two contracts. Brent crude for November delivery traded 46 cents higher to settle at $109.22, while U.S. crude for October, which expired on Friday, declined $1.72 to close at $104.67. The spread between the October and November contracts narrowed nearly 70 cents on the day, ending with the November contract maintaining a 15 cent premium to the nearby month.
read more... 23/09/2013
Daily: European power up along with coal, carbon prices
Brent crude increased over $108 a barrel on Wednesday after crude oil inventories in the U.S. declined to the lowest level since March 2012. Meanwhile, Brent boosted 24 cents to $108.43 a barrel by 14:50 GMT, after falling to its lowest in more than a month in the previous session and U.S. crude rose 81 cents to $106.23, after slipping $1.17 per barrel on Tuesday.
read more... 19/09/2013
Spanish REPSOL interested in oil-firm acquisition in North America
Spanish oil giant Repsol is interested to acquire a North American oil company as it is looking to boost its investments in politically stable countries, taking advantage of the U.S. oil boom.
read more... 18/09/2013
Russia to curb oil supplies to Belarus by 40% as the dispute escalates
Russia will cut oil pipeline deliveries to Belarus by 42% in the fourth quarter under an export schedule unveiled on Tuesday. The decision came amid a dispute over the arrest in Minsk of a Russian businessman, the head of the Russian potash company Uralkali.
read more... 18/09/2013