Latest news
Shell vends Australian assets to Swiss Vitol for $2.9 billion
Oil major company Shell has vended Australian Geelong oil refinery, located south of Melbourne, and 870 filling stations to Swiss top global oil trader Vitol for $2.9 billion.
read more... 24/02/2014
Daily: British gas prices down to nearly an eight-month low
Brent crude oil futures decreased on Thursday, dragged down by a forecast showing a decline in demand during refinery maintenance season and an increase in jobless claims in the United States, the greatest oil consumer in the world.
read more... 14/02/2014
Daily: Brent crude holds above $111 on refinery strike in France, dispute in South Soudan
Brent crude oil held steady above $111 a barrel on Monday following weak activity ahead of Christmas holiday as investors concentrated on continuing refinery strikes in France and internal dispute in South Soudan.
read more... 24/12/2013
Power from the Hinkley C nuclear generator could be too expensive
Jim Ratcliffe, the boss of one of the UK's biggest energy consumers, the chemical company Ineos, which owns the Grangemouth oil refinery in Scotland has warned that nuclear power from the Hinkley C generator, will be too costly in comparison to energy from elsewhere.
read more... 17/12/2013
Daily: EU carbon allowances at highest level since supply vote
Brent crude rose on Tuesday as U.S. gasoline prices jumped to four-month highs following refinery problems during summer driving season and higher prices for ethanol credits. Meanwhile, Brent crude for August delivery edged up 31 cents to settle at $109.40 a barrel, the highest settlement since April 2. In the same time, U.S. crude oil settled down 32 cents at $106.00 a barrel, while the front month contract has been trading at or above 70 since July 5.
read more... 17/07/2013