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Daily: UK gas drops on milder weather, on oversupply
Brent and U.S. crude oil futures dropped on Friday, dragged down by bearish U.S economic data and worries about euro zone economy. Brent April crude slipped 34 cents, or 0.29 percent, to settle at $117.66 a barrel, having traded $116.28 to $118.11, posting a weekly loss of $1.24, or 1.0 percent. Meanwhile, U.S. March crude eased by $1.45, or 1.49 percent, to settle at $95.86 a barrel, having traded from $95.21 to $97.47 and posting a slight weekly gain of 14 cents.
read more... 18/02/2013
2012: Record year for Italian Eni
Italian oil and gas company Eni had a record year for exploration in 2012 with discovered resources of about 3.64 billion barrels of oil equivalent. Meanwhile, proved reserves were at an eight-year record by the end of 2012 at 7.7 Billion barrels of oil equivalent.
read more... 18/02/2013
French Total to explore shale gas in the UK
France’s Total, Europe’s third-largest oil company, is envisaging investing in shale gas exploration in the UK, said the company’s CEO Christophe de Margerie.
read more... 15/02/2013
Daily: Brent and U.S. crude futures settle higher on firmer gasoline
Brent and U.S. crude oil futures jumped on Thursday as U.S. gasoline futures edged up more than 2 percent, driving the oil futures complex higher and equilibrating any pressure from fresh worries about the euro zone economy. Meanwhile, Brent April crude climbed 12 cents, or 0.10 percent, to settle at $118, having traded from $117.25 to $118.29. U.S. March crude boosted 30 cents, or 0.31 percent, to settle at $97.31 a barrel, having traded from $96.77 to $97.71.
read more... 15/02/2013
Daily: Brent crude settles higher on March contract expiration
Brent crude oil futures increased 6 cents in choppy trading on Wednesday as the front-month March contract expired at the end of the session. Meanwhile, Brent March crude boosted 6 cents, or 0.05 percent, to settle at $118.72 a barrel, having traded from $118.39 and $119.12. Brent April crude added 13 cents to settle at $117.88 a barrel.
read more... 14/02/2013