Europe
Friday, 03 May 2013 22:06
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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 ...
LONDON: British prompt gas prices rose on Monday morning as lower pipeline supplies from Norway left the system undersupplied, meaning more liquefied natural gas (LNG) will be used to balance the system, traders said.Gas prices for within-day delivery were trading at 65.65 pence a therm at 1100 BST (1000 GMT) on Monday, up 0.35 pence from the close on Friday, and hit an intraday high of 66.10 as traders responded to an 11 mcm fall ...
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