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Daily: Brent and U.S. crude futures settle 3% higher after election day rally
Brent and U.S. oil crude futures climbed more than 3 percent on Tuesday, increasing for a second consecutive session and receiving support from an election-day rally in the U.S. stock market.
read more... 07/11/2012
France’s Total to explore the Australian shale gas sector
The French oil major Total, which is the fifth biggest oil company in the world, has become the most recent global player to be involved in the Australian shale gas sector, signing up to a $190 million with Central Petroleum to farm into four exploration permits in the South Georgina Basin.
read more... 07/11/2012
Daily: European power forwards hit new lows
Brent and U.S. crude oil futures climbed on Monday as gasoline futures rallied while the storm-ravaged East Coast continued to grapple with the aftermath of Hurricane Sandy. Brent December crude jumped $2.05, or 1.94 percent, to settle at $107.73 a barrel, having traded from $104.76 to $108.18, while U.S. December crude climbed 79 cents, or 0.93 percent, to settle at $85.65 a barrel, after declining to $84.34, hitting $85.88 in post-settlement trading.
read more... 06/11/2012
Italy plans to increase its crude oil production by 150%
The Italian government plans to boost the oil and gas industry, as part of its first national energy plan in more than 20 years and one of the major parts of this plan is development of the Tempa Rosa oil field in southern Italy.
read more... 06/11/2012
Daily: European spot power recovers after holidays
Brent and U.S. crude futures declined more than 2 percent on worries about fuel shortages in the U.S. Northeast after Hurricane Sandy began to ease and with the stronger dollar applying pressure to dollar-denominated oil. Meanwhile, Brent December crude dropped by $2.49, 2.3 percent, to settle at $105.68 a barrel, having traded from $105.51 and $108.80, while U.S. December crude fell $2.23, or 2.56 percent, to settle at $84.86 a barrel, having traded from $84.66 to $87.24.
read more... 05/11/2012