Oil continues to slide, natural gas rises 5.6 pct
Washingtonpost reports that Oil prices continued to slide on lingering concerns about economic stability in Europe.
Articles Tagged "europe"
Europe Gasoline Dipped Below $700 On Crude Sell-Off
Gasoline prices dipped by around $20 a tonne in Europe on Friday, slipping below the $700 mark for the first time this month as crude and U.S. futures for the motor fuel sold off and demand remained depressed. For full story, click here
BP Profit has dipped on plunging Oil, refining margins
BP Plc, Europe’s second-biggest oil company, announced a 53 percent dip in profit as the recession dragged down energy prices and cut demand for fuel. For full story, click here
Europe Oil Benchmark has topped US Blend in puzzling reversal
Traders are again paying more for European than U.S. benchmark crude oil, a puzzling reversal that runs counter to historical trends. For full story, click here
Royal Dutch Shell’s Odum declared Brazil Rules to lure spending
Royal Dutch Shell Plc., Europe’s leading oil producer, is confident Brazil will establish rules that will attract exploration and production investments to the country’s so-called pre-salt area. For full story, click here
Demand in US dips, RIL shipped crude to Europe
A Bernstein Research report stated that Reliance Industries Ltd. unveiled shipping diesel to Europe and West Asia, and petrol to Iran while avoiding the US West Coast. For full story, click here
Oil Price Peaks And Slides
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Oil gains in New York on demand concerns
Crude oil pared gains in New York due to concerns that global demand for fuel will slow as the U.S. and Europe.is likely to enter a recession phase. Russell Norton, head of commodity sales at Barclays Capital, said: The demand question is the current focus of the market. We’ve seen demand come off in the OECD countries [...]
