Latest news
Statoil’s second-quarter net profit sink missing expectations
Norwegian oil and gas giant Statoil released a considerable second-quarter net profit, missing analysts' expectations, being hurt by weak prices, poor trading results and slightly lower volumes.
read more... 25/07/2013
Russia increase its oil deliveries to China
In a move which aims to reduce oil exports to European market, Russia has recently announced that it intends to increase oil flows to Asia, making Beijing its top customer, which now imports a fifth of oil exports from the major crude oil producer in the world.
read more... 24/07/2013
Brent and WTI crude oil benchmarks converge
U.S. oil futures traded above the global crude-market benchmark, North Sea Brent, for the first time since 2010 in intraday trading on Friday as signs of strong demand from U.S. refiners boosted spread trading and bets that the era of the U.S. discount was ending.
read more... 24/07/2013
Daily: European carbon allowances trade beyond 4.20-euro resistance level
Brent crude traded above $108 on Tuesday, backed by a weaker dollar as investors were pending for U.S. crude inventory data for additional clues on the outlook for demand in the world’s largest oil consumer. Meanwhile, Brent crude oil futures rose 11 cents to $108.26 a barrel by 04:50 GMT. U.S. crude traded 15 cents up to $107.09 after retreating sharply on Monday from last week's 16-month high as traders sold to lock in profits.
read more... 23/07/2013
Daily: U.S. crude hits a 16-month high on stronger demand from refiners
U.S. crude oil futures rose above the global crude-market benchmark, North Sea Brent, for the first time since 2010 on Friday on higher demand from U.S. refiners.
read more... 22/07/2013