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Daily: Brent crude up for a consecutive third session on equity gains
Brent crude oil futures increased for a consecutive third session to settle at $100 a barrel on Monday, pushed up by gains in the U.S. stock market. Brent crude for June delivery boosted 74 cents to close at $100.39 a barrel, declining from a high of $101.04.
read more... 23/04/2013
Oil production of five main international oil companies decreased 25% since 2004
Crude oil production of Exxon, BP, Shell, Chevron and Total has fallen by 25.8% over the past twelve years, after beating an historic high in 2004 when total combined crude production reached 10.76 million barrels a day. The production has fallen despite huge growth in their investments, allowed by the significant increase in crude oil prices practiced since late 2000.
read more... 22/04/2013
Daily: European spot power prices traded higher on the return of colder weather
Brent crude oil futures increased on Friday, pushed up by a strong day in equity markets, recovering after a consecutive six-day decline. Brent crude settled up 52 cents a barrel at $99.65, declining from an intraday high of $100.33.
read more... 22/04/2013
Norway: Statoil unveils a significant discovery in the North Sea
Norwegian energy company Statoil ASA announced it has found significant new oil resources in the North Sea.
read more... 22/04/2013
Daily: UK spot gas increases on higher demand, weaker oil prices
Brent and U.S. crude oil futures turned lower on Thursday in choppy trading following reports indicating that the future economic activity dropped in March and factory activity in the mid-Atlantic region eased in April.
read more... 19/04/2013