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Daily: UK gas hits 10- month high on increased heating demand
Brent and U.S. crude futures declined on Wednesday on pessimistic economic data from the euro zone and as the U.S. increased concerns about demand for oil. Meanwhile, Brent January crude dropped $1.03, or 0.94 percent, to settle at $108.81 a barrel, having traded from $108.65 to $110.57. U.S. January crude dropped 62 cents, or 0.70 percent, to settle at $87.88 a barrel, having traded from $87.46 to $89.05.
read more... 06/12/2012
Shell expects demand for natural gas to double by 2050
Royal Dutch Shell Plc, Europe’s biggest oil producer, has predicted that global natural gas demand will double by 2050 in comparison with 2010 levels, driven mostly by demand from Asian countries in front with Japan, China and South Korea.
read more... 06/12/2012
Daily: German and French spot electricity prices boost on lower wind
Front-month Brent and U.S. crude oil futures fell by $1.08 and 59 cents a barrel respectvely on Tuesday on worries about the impact of the U.S. budget crisis on already struggling demand. Meanwhile, Brent contract for January delivery traded as high as $110.92 a barrel during intraday activity, and declined to a low of $109.15 a barrel. WTI crude futures traded as high as $89.18 a barrel and as low as $87.57 during intraday activity.
read more... 05/12/2012
Total announces new oil discovery in North Sea
The French operator Total announces that it has made an oil discovery in the Garantiana prospect located in the Norwegian North Sea, which is expected to contain 25 million to 75 million barrels of recoverable oil and is situated 185 kilometers northwest of Bergen and 30 kilometers northeast of the Visund Field, at water depths of 384 meters.
read more... 04/12/2012
Daily: UK gas prices climb on increased demand for heating
Front-month Brent and U.S. crude oil futures increased in November by 2.3 and 3.1 percent respectively, backed by concerns that the unrest in Middle East could lead to supply disruptions. Meanwhile, Brent settled at $111.23 a barrel on Friday, trading up 47 cents on the day and the front-month contract ended October at $108.70 a barrel. U.S. crude climbed 84 cents to settle at $88.91 a barrel, while the front-month contract ended October at $86.24 a barrel. The month of November marked the first monthly gain for U.S. oil since August.
read more... 03/12/2012