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China: Oil demand to rise as the economic growth picks up
In the fourth quarter China’s demand for oil is likely to increase significantly in comparison to the last two years, as the second-biggest crude consumer in the world is showing signs that the country’s economic growth begins to pick up.
read more... 12/11/2012
Daily: French power spot declines on milder weather forecast
Brent and U.S. crude oil futures climbed on Friday on data showing a rise in consumer sentiment in the United States and firmer U.S. gasoline futures which helped crude oil to recover from session lows. Meanwhile, Brent December crude futures climbed $2.15, or 2 percent, to settle at $109.40 a barrel, having traded from $106.25 to $109.78, posting a weekly increase of $3.72, or 3.5 percent, ending a string of three straight weekly declines. U.S. crude futures jumped 98 cents, or 1.15 percent, to settle at $86.07 a barrel, having traded from $84.13 to $86.77, posting a weekly increase of $1.21, or 1.4 percent, snapping a string of three weekly declines.
read more... 12/11/2012
Rosneft sees its profit doubling in third quarter ahead the TNK-BP acquisition
Russia’s oil giant Rosneft beat expectations by doubling quarterly profits to $5.8 billion prior to its controversial $61 billion acquisition of the private rival TNK-BP.
read more... 09/11/2012
Daily: UK gas prices ease on lower consumption
Brent and U.S. crude oil futures rebounded on Thursday in a choppy trading, even if gains were slashed by concerns about Europe's economy and U.S. fiscal policy. Meanwhile, Brent December crude climbed 43 cents, or 0.40 percent, to settle at $107.25 a barrel and U.S. December crude increased 65 cents, or 0.77 percent, to settle at $85.09 a barrel, having traded from $84.22 to $85.70.
read more... 09/11/2012
Daily: Bent crude drops on post-election economic worries
Brent crude futures declined nearly 4 percent and U.S. crude futures dropped nearly 5 percent on Wednesday as economic problems facing the United States and Europe hit investor sentiment, pressuring Wall Street equities and oil after the re-election of President Barack Obama.
read more... 08/11/2012