Europe
Tuesday, 07 May 2013 14:21
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LONDON: Brent crude oil fell below $105 per barrel on Tuesday, after the risk premium caused by an Israeli air strike on Syria faded.The benchmark hit its highest in nearly a month above $105 in the previous session on fears of supply disruption following Israeli air strikes on Syria close to Damascus.Israel played down the air strikes, saying the raids were not aimed at influencing its neighbour's civil war, but only at stopping Iranian missiles reaching Lebanese Hezbollah militants.Brent crude dropped 66 cents to $104.80 a barrel by 0832 GMT, after settling up at $105.46, its highest finish since April 10 on Monday.Brent has rebounded more than $6 a barrel since falling below $99 last Wednesday. US oil fell 71 cents to $95.45, after ending 55 cents higher.Analysts expect crude oil could rise further on renewed optimism about the health of the global economy, thanks in part to supportive measures ...
LONDON: The North Sea Oseberg crude oil production stream will load about 160,000 barrels per day (bpd) in June, up from the 155,000 bpd planned in May, a trade source said on Friday.The June programme lists 4.8 million barrels of oil on eight cargoes of 600,000 barrels each.Copyright Reuters, 2013 ...
LONDON: Oil prices rebounded slightly Thursday on positive US jobs data and from sharp falls in previous days amid weaker global demand for crude.Brent North Sea crude for delivery in June jumped $1.06 to $101.01 a barrel in late London trading.New York's main contract, light sweet crude for June grew 82 cents to $91.85 a barrel."After precipitous falls in the past two days we've seen a little bit of a bounce back in both Brent ...
LONDON: Oil dropped below $101 a barrel on Wednesday, extending its biggest monthly drop in 11 months in April, as fresh concerns over economic growth in China weakened the demand outlook.Brent crude futures lost $1.60 cents to $100.77 a barrel by 1050 GMT. The benchmark had fallen more than 7 percent in April, hurt by indicators suggesting the global economy remains in a fragile state."The fall is a reaction to recent days' gains. We had ...
LONDON: Brent oil held near $104 per barrel on Tuesday, as worries about demand outlook were offset by expectations the US Federal Reserve and European Central Bank may do more to stimulate the global economy.Brent rose 3 cents to $103.84 a barrel by 1120 GMT, after earlier touching a low of $103.41. US crude was 17 cents lower at $94.33 a barrel, on track to end the month down nearly 3 percent.Oil has fallen 5.7 ...
LONDON: British energy giant BP said Tuesday that net profits almost tripled in the first quarter of 2013, boosted by the sale of its stake in Russian joint venture TNK-BP, despite falling oil and gas output.Earnings after taxation surged to $16.86 billion (12.87 billion euros) in the three months to the end of March, compared with $5.77 billion in the same period of 2012, BP said in a results statement."These strong first-quarter results demonstrate the ...
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