Latest news
Daily – oil prices up for the second consecutive day
Crude oil futures traded higher on Tuesday going up for a second consecutive day on supportive economic data from the United States and Germany and on persistent worries over supply disruptions in Iran and Kazakhstan.
read more... 21/12/2011
Daily – oil recovered on worries over oil supply
Crude oil futures recovered on Monday on emerged worries over oil supply after arising protest in oil-rich Kazakhstan, threatens of more sanctions against Iran and Libya facing some difficulties in restoring oil output to its pre-civil war levels.
read more... 20/12/2011
Daily – oil up over 2 percent on worries over supply disruptions
Crude oil futures increased over 2 percent on Tuesday driven up by worries over supply disruptions on speculation of a possible shutdown of the Straits of Hormuz by Iran’s military.
read more... 14/12/2011
Iran discovers huge offshore gas field in Caspian Sea
Iran has discovered a huge gas field in the territorial waters of the Caspian Sea with a reserve of at least 50 trillion cubic feet, Iranian Oil Minister Rostam Qasemi announced on Sunday.
read more... 12/12/2011
Daily – oil up on strong drop in the US unemployment rate
Crude oil futures increased on Friday as a strong drop in the U.S. unemployment rate supported demand and as geopolitical pressures over Iran’s nuclear program increased fears of supply disruptions.
read more... 05/12/2011