Latest news
Elliott Waves forecast oil price at $57 the next 6 months
According to technical analysts, the crude may drop below $57 per barrel in the next 6 months.
read more... 05/07/2010
Statoil will provide Poweo with natural gas
Poweo signed a 20-year deal with Norwegian oil company Statoil to supply the Toul plant, one of its power plants running on gas.
read more... 28/06/2010
Oil prices fell on unexpected inventory increase
Oil prices decreased the second day consecutively on Wednesday after unpredicted increase in US crude and gasoline inventories, reported by an industry report.
read more... 24/06/2010
Oil shipping to bypass Turkish straits
Turkey is planning to meet oil companies that ship oil from Black Sea to major world markets through Turkish straights Bosfor and Dardanelles.
read more... 23/06/2010
Prices for crude are pushed up by flexible yuan
The prices for crude oil jumped on Monday over $78 per barrel after Central Bank of China let the yuan fluctuate freely against the dollar.
read more... 22/06/2010