Latest news
German RWE abandons production of crude oil and natural gas
RWE AG has announced on Tuesday it has put its oil and gas exploration and production business up for sale in a move aimed to remove pressure on future capital spending and improve the company’s financial situation.
read more... 06/03/2013
Daily: Brent and U.S. crude oil futures drop on slowing growth in China
Brent crude oil futures slipped 31 cents or 0.3 percent, to settle at 110.09 a barrel on Monday, dragged down by demand worries over a factory growth slowdown in China and worsening business sentiment in Europe. Brent contract has fluctuated between $110.89 and $109.58 during the session.
read more... 05/03/2013
Libyan natural gas exports to Italy halted after militias fight
Mellitah oil and gas complex, ENI’s most important facility in the west region of Tripoli had to halt gas exports on Saturday following clashes between local militia, amid increasing concerns over the stability of North Africa's hydrocarbon supplies.
read more... 04/03/2013
Daily: UK spot gas settles up on less supply from Norway, Belgium
Brent and U.S. crude oil futures dropped on Friday, marking the lowest levels in six weeks and since early December respectively. Brent crude slipped by 98 cents to settle at $110.41 a barrel on Friday, after having fluctuated between $111.36 and $109.82 during the session, while U.S. crude oil futures for April delivery shed $1.37 on Friday to settle at $90.68 a barrel.
read more... 04/03/2013
Daily: European power prices fall on forecasts for slightly warmer weather
Front-month Brent and U.S. crude oil futures tumbled by 49 cents and 71 cents a barrel respectively on Thursday, taking losses over the course of February to 3.6 percent and closing the month at $111.38 a barrel. Brent crude reached a high of $112.57 a barrel during Thursday’s session, before reversing, touching a low of $110.87 later on. Meanwhile, U.S. crude reached a high of $93.18 a barrel during Thursday’s session, before reversing, touching a low of $91.57 later on.
read more... 01/03/2013