Latest news
DECC: UK’s oil and gas output down in 2012
New annual statistics offered by the Department of Energy and Climate Change revealed that UK’s oil and gas output dropped by 10.3% in 2012 to 122.9 million tons of oil equivalent.
read more... 29/04/2013
Daily: Crude oil trade higher on Syria concerns, commodities rally
Crude oil prices increased as much as $2 on Thursday on new reports stating that Syria may use chemical weapons, raising fears over stability in the Gulf region, while a strong increase in commodity and equity markets encouraged buying.
read more... 26/04/2013
China to lower fuel prices due to declines of global oil prices
China, the world’s second-biggest oil consumer has announced it intends to lower oil prices in its first change under a new fuel price mechanism that is more tightly linked to the cost of crude oil.
read more... 25/04/2013
Daily: Crude oil prices increase on U.S. gasoline stocks drop
Oil prices increased on Wednesday, pushed by gains of 2.5% in U.S. crude following an unexpected drop in weekly gasoline stockpiles and speculation that the glut of crude at the Cushing, Oklahoma hub could soon diminish.
read more... 25/04/2013
Daily: Brent crude hovers around $100 on pessimistic data from China, Europe
Brent crude oil decreased on Tuesday as a result of weak manufacturing data in China and Europe, but settled above $100 a barrel for a second consecutive day, getting some support from strong gains in U.S. equity markets.
read more... 24/04/2013