Turkey’s Minister of Energy and Natural Resources, Taner Yildiz, speaking at a press conference in Ankara on Monday said that natural gas exports from Israel’s Leviathan reservoir to Turkey will be banned as long as the Israel-Gaza conflict continues.
read more... 06/08/2014
Mining conglomerate Exxaro Resources declared on Monday it had purchased the South African coal assets of France's Total for $472 million, increasing its production and offering it extra capacity at the world's major export terminal.
read more... 29/07/2014
Brent crude slipped more than $1 a barrel on Tuesday, posting its seventh consecutive decline, hitting a one-month low below $109 since Libyan oil exports from two ports were likely to resume and fears eased of supply disruption in Iraq. Brent has slumped more than 5 percent since last month, when the Iraq violence pushed up prices to a nine-month high of $115.71. Brent crude for August delivery dropped by $1.30 to settle at $108.94 a barrel, after hitting a session low of $108.69, while the U.S. benchmark crude fell 13 cents to touch $103.40, hitting an eighth consecutive day of declines.
read more... 09/07/2014
Crude oil futures on both sides of Atlantic fell on Monday to the weakest point in a month as Libya lifted a force majeure from two major oil ports following rebels’ agreement to end a blockade last week. Brent crude dropped 40 cents to close at $110.24 a barrel, the lowest settlement price since June 11. Brent had rocketed to a nine-month high of $115.71 in June amid the Iraqi attack, but has since slipped over 4 percent. U.S. oil declined by 53 cents to close at $103.53 a barrel, the weakest level since June 6. It posted the seventh consecutive daily decline, the longest in U.S. oil since December 2009.
read more... 08/07/2014
Crude oil prices plunged on Friday with European Brent sinking below $111 a barrel on expectations of stronger exports from Libya and more U.S. crude soon finding its way to refiners, but losses were capped by optimistic economic data showing a higher demand outlook.
read more... 07/07/2014