Wednesday, 20 March 2013 17:53
Posted by Muhammad Iqbal
LONDON: Royal Dutch Shell has updated its SUKO 90 terms and conditions for Brent crude oil trading, following changes announced by oil pricing agency Platts on Monday to the way it assesses the market.Shell, which posted the revised terms and conditions on its website, said: "Shell has further updated its SUKO 90 terms and conditions to reflect the consensus reached in the market since we published our proposed changes on 8 February 2013." Copyright Reuters, ...
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LONDON: Oil prices rose slightly on Thursday but analysts said the eurozone's economic woes would continue to cast a shadow over the market.New York's main contract, light sweet crude for delivery in May gained 16 cents to $96.74 a barrel.Brent North Sea crude for May advanced 11 cents to $109.80 a barrel.Analysts said lingering economic problems in the eurozone continued to stoke investor concerns, with parties in Italy unable to form a government and Cyprus the latest nation to need a multi-billion-dollar bailout."While the Cyprus saga has still to play out, attention has already turned to who could be next for a similar bailout. Fingers are pointing at (eurozone peers) Slovenia, Malta and Luxembourg," IG Markets Singapore said in a report."The fact that there are so many candidates in line for help doesn't bode well for the region's three-year-long debt crisis," it added. Copyright AFP (Agence France-Presse), 2013 ...
LONDON: Oil prices rose on Tuesday as markets tracked developments over Cyprus and reacted to a weaker dollar, analysts said. Brent North Sea crude for delivery in May increased by 15 cents to $108.32 in London midday deals. New York's main contract, light sweet crude for May, gained 68 cents to $95.49 a barrel. "Support is coming from a slightly weaker dollar and a better tone to global equities, although shares in Asia fell earlier ...
LISBON: Utility Energias de Portugal , Portugal's largest company, plans to issue dollar-denominated bonds this year and may also launch debt in euros depending on market conditions, its chief financial officer said. Nuno Alves wrote in an e-mailed reply to questions from Reuters that a drop in Portuguese bond yields since last year and the latest bailout review, in which lenders eased the Portuguese government's budget deficit targets, have helped reduce investor risk perception of ...
LONDON: Oil prices rose on Monday, in line with equity markets and on improved sentiment after Cyprus and its international creditors struck a bailout deal, averting collapse of the eurozone country's banking system.Brent North Sea crude for delivery in May increased 69 cents to $108.35 a barrel in London midday deals.New York's main contract, light sweet crude for May, added 45 cents to $94.16 a barrel. "The oil market is reacting positively to news that ...
LONDON: Britain's wholesale gas prices surged to a record high on Friday after one of its main gas import pipelines shut down unexpectedly, exposing yet again its vulnerability to foreign supplies. The country is already grappling with a potential gas supply crisis as a late blast of winter depletes stored reserves, coal power plants close and pending maintenance in Norway threatens to further squeeze supply. Gas prices for within-day delivery spiked at 150 pence per ...
LONDON: Royal Dutch Shell has updated its SUKO 90 terms and conditions for Brent crude oil trading, following changes announced by oil pricing agency Platts on Monday to the way it assesses the market.Shell, which posted the revised terms and conditions on its website, said: "Shell has further updated its SUKO 90 terms and conditions to reflect the consensus reached in the market since we published our proposed changes on 8 February 2013." Copyright Reuters, ...
