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Daily: Crude oil prices register moderate gains sunk by dollar
Crude oil prices ended with moderate gains on Tuesday, backed by a stock market advance and concerns over Egypt. However, the gains were capped by a strong U.S. dollar and supplies brought back online. Brent crude oil futures closed the day 38 cents higher at $107.81 per barrel. Meanwhile, U.S. crude oil futures rose 39 cents at $103.53, after trading as low as $102.31.
read more... 10/07/2013
Poland rethinks its strategy for shale gas production
Doubts over the scale of Poland's shale gas reserves surfaced last June after ExxonMobil announced plans to cease exploration, citing disappointing test drilling results. The withdrawal of two more multinationals - Talisman Energy of Canada and U.S. oil giant Marathon - has cast significant doubts over the viability of shale gas in Poland.
read more... 09/07/2013
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013
Daily: Crude oil gains $2 on Egypt intensifying worries
Crude oil prices increased nearly $2 a barrel on Friday to hit their greatest weekly gain in a year, pushed up by worries about intensifying tensions in Egypt and better-than-expected U.S. economic data.
read more... 08/07/2013
Southern Italy holds major crude oil potential
Southern Italy, known as the second largest producer of olive oil, is also the holder of Europe’s biggest onshore crude oil fields, according to geologists.
read more... 05/07/2013