LONDON, May 17 (Reuters) – The European Commission
investigation into possible oil price manipulation extended
beyond three major companies to a smaller niche trading house,
while a Finnish refinery said it had been asked for information.
Dutch trading house Argos Energies is being investigated by
the European authorities, a source familiar with the
investigation said on Friday.
LONDON (Reuters) – Oil trading houses are poised to gain more control of Europe’s fuel supply as its refiners close, and the shutdowns could have a significant impact on prices and energy security, the West’s energy agency said on Tuesday.
The International Energy Agency foresees a seismic shift in global refining as countries such as India and Saudi Arabia build new capacity.
LONDON, May 14 (Reuters) – Oil trading houses are poised to
gain more control of Europe’s fuel supply as its refiners close,
and the shutdowns could have a significant impact on prices and
energy security, the West’s energy agency said on Tuesday.
The International Energy Agency foresees a seismic shift in
global refining as countries such as India and Saudi Arabia
build new capacity.
LONDON, May 7 (Reuters) – 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.
LONDON, April 30 (Reuters) – Brent oil fell towards $103 per
barrel on Tuesday, weighed by worries about the demand outlook,
though losses were capped on hopes that the U.S. Federal Reserve
and European Central Bank may do more to stimulate the global
Brent dropped 26 cents to $103.55 a barrel by 0916
GMT, after earlier touching a low of $103.41. U.S. crude was 1
cent lower at $94.49 a barrel, on track to end the month down
nearly 3 percent.
LONDON, April 23 (Reuters) – Brent crude oil fell below $99
a barrel on Tuesday after weaker-than-expected manufacturing
data from China and Germany darkened the outlook for fuel
June Brent crude was down $1.51 to $98.88 a barrel
by 0829 GMT, while U.S. crude for June delivery was down
$1.27 at $87.92.
LONDON, April 18 (Reuters) – Brent crude oil jumped by more
than a dollar to $99 a barrel on Thursday, snapping a
six-session losing streak, with dealers saying it looked
oversold after losing 10 percent this month.
Oil earlier fell to a fresh nine-month low amid a wider
commodities rout triggered by data on Monday showing growth in
China had slowed unexpectedly in the first three months of 2013.
LONDON, March 26 (Reuters) – Brent oil’s premium to U.S.
crude fell to its lowest in more than eight months, lifted by
strong U.S. home sales data and as higher shale oil supply
reduced the U.S. need for imports.
U.S. single-family home prices rose in January, the biggest
annual increase in six-and-a-half years, helping bolster the
demand outlook in the world’s largest oil consumer.
LONDON, March 26 (Reuters) – Brent oil fell slightly on
Tuesday, remaining within its range of the past two weeks, as
the effect of the Cyprus bailout faded and traders saw little
direction for the market.
Brent crude futures slipped 8 cents to $108.08 a
barrel by 0932 GMT, in the middle of its recent $107 to $109
range. U.S. crude gained 40 cents to $95.21.
LONDON, March 15 (Reuters) – Brent crude oil rose above $109
a barrel on Friday as strong U.S. jobs data fuelled hopes of a
better outlook for demand in the world’s top oil consumer, while
concerns over supply from the Middle East added support.
Investors took on more risk as the jobs data added to other
positive economic news, suggesting a steady recovery in the
world’s largest economy.