Brent crude and U.S. crude oil futures eased by more than 1 percent and 2.5 percent respectively on Thursday, dragged down by bearish economic data and the U.S. Federal Reserve’s possibility to slash its economic stimulus program.
read more... 22/02/2013
Brent crude oil futures dropped on Wednesday in line with a sell-off in precious metals and copper, while worries that Saudi Arabia envisages boosting production added pressure to oil. Meanwhile, Brent April crude declined $1.92, or 1.63 percent, to settle at $115.60 a barrel, having traded from $115.05 to $117.66.
read more... 21/02/2013
U.S. crude oil production is expected to increase by an unprecedented level - 815,000 barrel per day to 7.25 million barrels per day in 2013, according to a report by the Energy Information Administration.
read more... 21/02/2013
According to Ofgem Chief Executive Officer Alistair Buchanan, UK household energy bills are probable to increase significantly in the coming years, with the share of generating capacity from gas doubling as old oil and coal stations close.
read more... 20/02/2013
Brent and U.S. crude oil futures increased on Tuesday after choppy trading supported by strong equities on Wall Street, with worries about France's economic growth capping any support from supportive data out of Germany. Brent April crude climbed 14 cents, or 0.12 percent, to settle at $117.52 a barrel, having traded from $116.55 to $117.60. Meanwhile, U.S. March crude gained 80 cents, or 0.83 percent, to settle at $96.66 a barrel, having traded from $95.25 to $96.73.
read more... 20/02/2013