Latest news
Poland will not apply taxes on shale gas production by 2020
After several foreign companies, as Exxon Mobil, Canada’s Talisman Energy and US oil firm Marathon, quit the Polish market in the past few months, the finance minister, Jacek Rostowski, has announced that Poland will not tax shale gas production until 2020 and will improve regulation, in a move which aims to attract energy explorers.
read more... 02/08/2013
Daily: Crude oil increases on optimistic global economic data
U.S. crude oil prices boosted by 3 percent on Thursday, diminishing the premium to European Brent for a second day, following a surprisingly optimistic global economic data and supply disruptions in Africa and Iraq.
read more... 02/08/2013
Daily: German Cal' 14 settles to an eight-year low
U.S. crude oil futures closed nearly 2% higher as technical trading encouraged late-sessions gains, pushing prices to their highest monthly percentage gain in almost a year. Meanwhile, front-month U.S. crude oil futures rose $1.95 per barrel at $105.03, adding about 9 percent in July, the biggest one-month percentage increase in 11 months. The front-month premium of Brent over U.S. crude oil settled at $2.67 per barrel after trading as narrow as $2.44 and as wide as $3.74 per barrel earlier in the session.
read more... 01/08/2013
Daily: German Cal’14 asphyxiated by overcapacity, low demand
Crude oil dropped on Tuesday, widening the spread between North Sea Brent and U.S. WTI crude amid a rally of U.S. crude price to a 16-month high as infrastructure developments allowed oil in landlocked Cushing, Oklahoma, to flow to the U.S. coast.
read more... 31/07/2013
Daily: European spot power boosts on weak nuclear availability in France
Brent crude oil traded higher on Monday as supply disruptions in Europe offset previous’ week losses, while cautious investors were eager for the results of U.S. Federal Reserve meeting. Supply disruptions in Libya, Iraq and elsewhere have withdrawn over 500,000 barrels per day from the market.
read more... 30/07/2013