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Oil prices extend losses LONDON: Oil prices fell further on Thursday as concerns eased that fresh Western sanctions on Russia over Ukraine would have an immediate impact on global crude supplies, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery slipped 70 cents to $99.57 a barrel.Brent crude for September was down 15 cents at $106.36 in London midday trading. WTI had fallen 70 cents in New York trade and Brent lost $1.21 in London on Wednesday despite upbeat US stockpiles and economic growth data."As Russia has yet to respond to the US and European Union sanctions with actions that could impact oil supplies, fears of disruption in crude stocks abated and helped to ease benchmark prices," said Sanjeev Gupta, energy analyst at consultancy EY. Washington and Brussels announced on Tuesday the strongest sanctions against Russia since the Cold War over Moscow's annexation of Crimea and support for Ukraine separatists who are ...

UK gas prices for Friday edge up ahead of Troll maintenance LONDON: Prompt prices for wholesale natural gas in Britain firmed on Thursday morning ahead of large-scale North Sea maintenance that is due to start on August 1 and reduce available supplies.Gas prices for delivery on Friday traded at 39.30 pence per therm at 0820 GMT on Thursday, up 0.3 pence since their last close."The dominant driver for day-ahead prices is the start of maintenance at Norway's Troll field tomorrow, which we expect to result in ...
Oil slips to $106 on increased supply, low demand LONDON: Brent crude oil slipped to around $106 a barrel on Thursday as higher OPEC output and disappointing demand in the United States outweighed tensions in the Middle East, Africa and Ukraine.OPEC pumped more oil in July than in June despite concerns that unrest in Africa and the Middle East could hurt production, a Reuters survey showed.Gasoline stockpiles rose in the United States even though it is the peak driving season, raising concern over the ...
Oil slide despite geopolitical jitters LONDON: World oil prices sank on Monday as traders appeared to shrug off geopolitical worries over key crude producing regions, dealers said.Brent North Sea crude for delivery in September dropped 94 cents to stand at $107.45 per barrel nearing midday in London.US benchmark West Texas Intermediate for September fell 61 cents to $101.48 a barrel."The oil market still appears unaffected by the numerous sources of geopolitical crisis," said Commerzbank analysts in a note to clients."The ...
Oil falls below $108 on excess supply, weak demand LONDON: Brent crude oil slipped below $108 a barrel on Monday as weak demand in Europe and Asia and ample supply in the Atlantic basin outweighed political tensions in Ukraine and the Middle East.North Sea and West African physical crude markets are over supplied, traders and brokers say, with sellers discounting heavily in an effort to attract buyers such as oil refiners.September Brent was down 66 cents at $107.73 a barrel by 0840 GMT. Earlier ...
UK gas prices fall on reduced exports and robust LNG supply LONDON: Wholesale natural gas prices in Britain fell on Monday morning due to oversupply in the market as exports to the continent were reduced and liquefied natural gas (LNG) supply was expected to increase.Gas prices for delivery on Tuesday declined to 38.75 pence ($0.66) per therm at 0834 GMT, 1.65 pence lower than the previous close, while gas for immediate delivery was down 2.55 pence at 38.35 pence per therm.Prices for the winter 2014-2015 season ...
Hungary says gas flows from Ukraine normal on Monday BUDAPEST: Russian natural gas flows to Hungary via Ukraine were running normally on Monday morning, Hungarian pipeline operator FGSZ Zrt said.Russia cut off gas to Ukraine on June 16 in a dispute over unpaid bills but continues to supply gas that Ukraine sends on to Russia's clients in Europe.Copyright Reuters, 2014 ...


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