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Daily: EUAs hit 7-week high on strong appetite for CO2 permits
Brent crude oil futures dropped below $102 a barrel on Tuesday following weak U.S. manufacturing data from the previous day which intensified worries about demand growth in the world’s biggest oil consumer. Meanwhile, Brent crude for July delivery shed 18 cents to $101.88 a barrel by 10:29 GMT, after settling $1.67 higher in the previous session. In the same time, U.S. oil dropped 42 cents at $93.03 on Tuesday.
read more... 05/06/2013
OPEC to keep oil production target unchanged, with oil at $100
The Organization of the Petroleum Exporting Countries (OPEC), which supplies about 40 percent of the world’s oil, decided to keep its production target unchanged for a third consecutive time, stating that crude prices at about $100 a barrel are relatively strong.
read more... 04/06/2013
Daily: Coal slips to 3-year low, hitting even big producers
Brent crude oil futures jumped on Monday, pushed up by a weaker dollar and a supply disruption in North Sea crude oil. Brent crude futures rose $1.82 at $102.21 per barrel at 1:50 p.m. EDT (1950 GMT), rebounding from a dip below $100 to $99.66 earlier in the session on pessimistic Chinese data, posting the lowest price for Brent in one month. In the same time, U.S. crude oil futures raised $1.50 at $93.47 per barrel.
read more... 04/06/2013
Southern Italy has a great 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... 03/06/2013
Daily: Brent crude trades above $102 on weaker dollar
Brent crude oil futures traded about $102 a barrel on Friday as the dollar weakened on hopes the U.S. Federal Reserve would maintain its stimulus measures, curbing demand worries coming from an unexpected rise in crude stockpiles in the top oil consumer.
read more... 03/06/2013