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Could the attack on Syria trigger a fuel crisis?
The worries that a potential US strike on Syria would spread unrest and further disrupt Middle East crude supplies had driven up oil prices in recent weeks.
read more... 10/09/2013
Daily: German forward power prices hit new three-month high
Benchmark Brent crude oil prices prolonged a small gain on Monday, reversing a sharp early drop amid optimistic economic data, North Sea output worries and a new French report on Syria’s use of chemical weapons.
read more... 09/09/2013
Daily: Crude oil futures up on both sides of Atlantic on optimistic U.S economic data
Crude oil futures increased on both sides of the Atlantic on Thursday on optimistic U.S. economic data and a decrease in U.S. crude inventories. Brent traded above $115 early in the session as investors worried that supply disruptions could prolong in the Middle East after a U.S. Senate panel voted on Wednesday to back a military strike on Syria. Meanwhile, Brent crude rose 13 cents to $115.04 a barrel by 1:24 p.m. EDT (1724 GMT) after an earlier high of $115.55 and U.S. oil traded 81 cents higher to $108.04 a barrel after earlier reaching $108.54.
read more... 06/09/2013
Daily: European spot power prices down on more wind and sun power generation
Brent crude oil settled lower on Wednesday as it emerged that a military strike against Syria would remain restricted, repressing fears of supply disruptions in the Middle East. U.S. oil lost more than $1 per barrel, as any Middle East conflict might further tighten already restrained global supplies. Brent prices for October delivery decreased 77 cents at $114.91, after trading as high as $116.09 and as low as $114.40. While U.S. crude oil for October delivery established at $107.23 a barrel, decreasing $1.31, or 1.2%.
read more... 05/09/2013
Italy to halve offshore exploration areas
According to a Reuters report Italy has halved the offshore areas where it will allow companies to explore for oil and gas as it is aiming to diminish the country’s reliance on energy imports. The move is projected to placate environmental groups and to hasten expansion of new deep-water prospects.
read more... 05/09/2013