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Gazprom to reduce natural gas prices for Europe in 2013
Gazprom, the leading European supplier of natural gas which supplies nearly a third of its gas, has come under increasing pressure from the supplier opponent, as well as Statoil, so that Russia would change the price of their policies in order to reflect the requirements of the buyer for cheaper gas.
read more... 19/12/2012
Daily: Brent and U.S. crude boosts on hopes for U.S. budget deal to avert cliff
Brent and U.S. crude oil futures settled higher on Tuesday following sign of progress in talks to resolve the U.S. budget debate which attenuated concerns about looming mandated tax hikes and spending cuts that investors worry might slow the economy and hit oil demand. Meanwhile, Brent February crude climbed $1.20, or 1.11 percent, to settle at $108.84 a barrel, having traded from $107.93 to $108.95. U.S. January crude increased 73 cents, or 0.84 percent, to settle at $87.93 a barrel, having traded from $87.21 to $88.16.
read more... 19/12/2012
Saras and Rosneft to form a joint venture for trading and processing crude oil
Saras SpA, one of Italy's biggest oil refiners by capacity, and Russia's largest crude producer Rosneft will form a joint venture for the trading and processing of crude oil and the selling of petroleum products.
read more... 19/12/2012
Daily: European power hits the lowest level since 2010
Brent crude oil futures declined 54 cents to settle at $107.64 a barrel on Monday, in spread trading that saw the international benchmark's premium to U.S. crude narrow by nearly $1 a barrel. Meanwhile, front-month U.S. crude oil futures climbed 47 cents to settle at $87.20 a barrel on Monday, backed by news of the impending expansion of the Seaway crude oil pipeline and optimism about a deal to avert the U.S. fiscal cliff.
read more... 18/12/2012
Daily: January Brent and U.S. crude futures end higher at contract expiration
January Brent and U.S. crude futures which are expiring soon settled up on Friday on expectations that demand in China will boost after data showed that manufacturing sector is reinforcing this month and amid a weaker U.S. dollar which also backed oil prices. Meanwhile, Brent January crude boosted $1.24, or 1.15 percent, to settle at $109.15 a barrel after trading from $108.20 to $109.58. U.S. January crude futures gained 84 cents, or 0.98 percent, to settle at $86.73 a barrel, having traded from $86.05 to $86.92.
read more... 17/12/2012