Latest news
Eni had made important oil discovery in Egypt
Italian energy company Eni has announced on Wednesday that it had made a new oil discovery, at the NFW well “Rosa North 1X‘, located in the Meleiha Concession, in the Western Desert of Egypt, as Eni plans to consolidate exploration activities in the country.
read more... 07/02/2013
Daily: Brent and U.S. crude settle higher on optimistic economic data
Brent and U.S. crude oil futures settled higher on Tuesday in choppy trading, pushed up by optimistic economic data from Europe and the United States which encouraged equities and oil prices to regain momentum.
read more... 06/02/2013
Daily: UK prompt gas settles up on undersupplied system, higher heating demand
Brent and U.S crude oil futures dropped by about 1 percent on Monday, falling alongside equities on Wall Street as traders locked in profits after three weeks of gains that increased oil prices by about 10 percent since the beginning of December.
read more... 05/02/2013
Daily: European power prices settle up on colder weather and higher carbon
Brent crude futures increased on Friday, recording a 3 percent gain for the week, supported by global economic recovery data and heavy trading of the spread with U.S. oil futures. Meanwhile, Brent March crude gained $1.21, or 1.05 percent, to settle at $116.76 a barrel, having traded from $115.40 to $117.07.
read more... 04/02/2013
Daily: UK prompt gas slightly increases on colder weather forecast, lower Norwegian imports
Brent crude oil futures climbed, while U.S. crude traded lower on Thursday in heavy spread trading that boosted Brent’s premium to its U.S. counterpart. Brent March crude gained 65 cents, or 0.57 percent, to settle at $115.55 a barrel, having traded from $114.28 to $115.76. Meanwhile, U.S. March crude slipped 45 cents, or 0.46 percent, to settle at $97.49 a barrel, having traded from $96.84 to $98.04.
read more... 01/02/2013