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Daily: Crude oil closes higher on weaker dollar, ample supplies
Crude oil prices increased on Monday on a weaker dollar, but significant oil supplies capped gains, even as equity markets hanging at record levels.
read more... 21/05/2013
Daily: British gas prices decline on higher supplies from Norway
Brent crude oil prices dropped on Tuesday after a global energy regulator described world supplies as “comfortable” and after analysts’ forecasts showed strong U.S. crude inventory. Meanwhile, Brent crude oil slipped 22 cents to settle at $102.60 per barrel, after trading largely within a $1 range. U.S. light, sweet crude closed down 96 cents at $94.21 per barrel.
read more... 15/05/2013
Poland’s shale gas hopes fade on Talisman, Marathon withdrawal
Poland’s shale gas hopes have recently suffered a major blow after the North American energy companies-Talisman Energy Inc. and Marathon Oil announced that they are quitting the exploration for shale gas in Poland. Poland, the former Soviet bloc country, hoped that the exploration of its shale gas deposits will soon reduce its dependence on Russian gas supplies and will further transform the nation from a gas importer to a gas exporter.
read more... 14/05/2013
Daily: European carbon prices near collapse after the European Parliament vote
Crude oil prices slipped for a sixth consecutive session on Wednesday, with Brent crude dropping below $98 per barrel for the first time since July as increased U.S. fuel supplies weighted on overall concern about world oil demand. Meanwhile, Brent crude dropped $2.22 at $97.69, after declining earlier to $97.26, the lowest level since July 2012. U.S. crude settled down $2.04 to $86.68.
read more... 18/04/2013
Norway’s oil sector faces strike threat
Norway's vast oil sector could face disruption as employees at key supply bases plan to walk off the job on Monday, April 8, threatening supplies to offshore platforms.
read more... 08/04/2013