All
 

 

Just in:  

You are here: Home»Markets»Energy

Markets - Energy

Archive

Oil prices slide on easing supply strains LONDON: World oil prices dropped on Thursday on fading fears that conflicts in crude producers Libya and Iraq would result in a major supply disruption, analysts said. Brent North Sea crude for delivery in October shed 84 cents to stand at $101.44 a barrel in London afternoon deals.US benchmark West Texas Intermediate for October dropped 64 cents to $92.81 a barrel compared with Wednesday's close."Supply fears stemming from conflicts in both Iraq and Ukraine have recently diminished," said Dorian Lucas, an analyst at energy consultancy Inenco."Supply fears have also been quelled by an increased export volume from Libya. Exports have resumed from Libya's largest port following the end of the year-long blockade."Traders are closely tracking conflicts in crude producers Libya and Iraq, as well as in Ukraine, a key conduit for Russian gas exports to Europe, analysts said."Benchmark prices weakened further as there has been no disruptions in crude supply ...


Oil slips below $102, near 14-month low, on ample supply LONDON: Brent crude oil slipped below $102 a barrel on Thursday, near a 14-month low, on evidence of plentiful fuel supplies and Chinese economic data pointing to slowing demand.The world's top two crude oil benchmarks have fallen by more than $10 a barrel since June on a build-up of supply in the Atlantic basin and diminishing worries over the risk that conflicts in the Middle East would hit oil production.Global economic growth also appears to ...

UK gas prices drop as warmer weather seen for bank holiday weekend LONDON: Natural gas prices in Britain dropped on Thursday morning as warmer weather and pending long weekend lowered demand, leaving the system slightly oversupplied.Gas prices for within day delivery and for Friday were trading at 40 pence per therm at 0830 GMT, down one pence since their last close."The recent spell of relatively cold weather is set to end this weekend, pulling down demand, and because this is the August bank holiday weekend, corporate energy ...

Oil falls towards 14-month low near $101 on ample supply LONDON: Brent crude oil fell towards $101 a barrel on Thursday, just above a 14-month low, on plentiful fuel supplies and Chinese economic data pointing to slowing demand.The world's top two crude oil benchmarks have fallen by more than $10 a barrel since June on a build-up of supply in the Atlantic Basin and diminishing worries over the risk that conflicts in the Middle East would hit oil production.Global economic growth also appears to be ...

Middle East crude Qatar Marine discount slips to 5-month low  SINGAPORE: The spot differential for Qatar Marine hit a five-month low on Thursday as ample supply and weak demand in Asia continued to weigh on the Middle East crude market.Mitsui has sold an October-loading Qatar Marine cargo to Shell at 80 cents a barrel below its OSP, traders said. The grade was last traded at this level for May-loading barrels, according to Reuters data.Upper Zakum may have been sold at 70 cents a barrel below ...

Asia Pacific crude weaker; less West African cargoes seen SINGAPORE: Differentials in the Asia-Pacific crude market continued to slide on Thursday amid ample supply and weak demand, but may find some support from less attractive economics for bringing West African cargoes to the region, traders said.A large inflow of arbitrage cargoes, particularly from West Africa, has added to a glut of crude in Asia. But with freight rates on the West Africa-to-China route rising, the trade now looks less economical."We're not so sure the ...

ADNOC offers condensate ahead of refinery maintenance SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has offered condensate for October-loading in a rare move ahead of a planned shut-down of refining units for scheduled maintenance, trade sources said on Thursday.The two condensate splitters, operated by Abu Dhabi Oil Refining Company (Takreer), are scheduled to shut down between October and January, the sources said. The units at the Ruwais refinery have a capacity of 140,000 barrels per day (bpd) each and they process condensate ...


 



 
Index Closing Chg%
Arrow DJIA 17,039.49 0.36
Arrow Nasdaq 4,532.11 0.12
Arrow S&P 1,992.37 0.29
Arrow FTSE 6,777.66 0.33
Arrow DAX 9,401.53 0.93
Arrow CAC-40 4,292.93 1.23
Arrow Nikkei 15,586.20 0.85
Arrow H.Seng 24,994.10 0.66
Arrow Sensex 26,360.11 0.17





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln