Latest news
Civilian nuclear deal enables U.S., Russia to develop nuclear reactors.
One of the practical application of a new civilian agreement between Russia and United States could be the common development of nuclear reactors, sustained a Russian lawmaker on Tuesday. The so-called 123 agreement which focuses on closer cooperation on nuclear research, production and trade entered into force on 9th of December.
read more... 15/12/2010
Lawmaker assures enough supply of LPG for Christmas
A lawmaker removed any concern of consumers, ensuring that there is sufficient supply of liquefied petroleum (LP) at an affordable price during the Christmas period. The LPG trade will not be affected by the Batangas-Manila oil pipeline shutdown.
read more... 14/12/2010
Daily Market Update, Monday, November 01, 2010
Oil was up to around $82 per barrel on Monday due to the U.S. Federal Reserve commitment to start a new round of monetary stimulus this week, because of weaker dollar. At 10:52 GMT, U.S. crude for December increased at $82.14 per barrel, while ICE Brent increased by 76 cents arriving at $83.91 per barrel.
read more... 02/11/2010
Daily Market Update, Wednesday, October 20, 2010
Oil was up above $80 per barrel on Wednesday, supported by a weaker dollar. At 11:04 GMT, U.S. crude for November, which expires later on Wednesday, increased at $80.40 per barrel, while ICE Brent crude climbed $1.07 arriving at $82.17 per barrel.
read more... 21/10/2010
Daily Market Update, Wednesday, October 13, 2010
Oil was up above $82 per barrel on Wednesday after China's crude imports increased last month and a weaker dollar which eased the commodities request for investors. At 11:20 GMT, U.S. crude for November climbed to $82.70 per barrel, while ICE Brent for November increased by $0.92 arriving at $84.42 per barrel.
read more... 14/10/2010