- June 14th, 2011
European Natural Gas Pipelines Plagued by Uncertainties
Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? ›
Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? ›
Oil traded near the lowest in almost a month on speculation fuel demand may falter as the U.S. economy slows, countering signs of rising industrial output in China, the world’s second-largest crude user. ›
Crude oil fell in New York and climbed in London, bringing the spread between the U.S. and U.K. benchmarks to a record, as supply disruptions in Libya and the North Sea bolstered demand for the European grade. ›
Oil rose the most in almost a week in New York as the dollar declined, boosting commodities’ appeal as an alternative investment, and Goldman Sachs Group Inc. and Morgan Stanley increased their oil-price outlooks. ›
Oil rose about $1 on Friday, taking benchmark U.S. crude futures back near $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar. ›
Brent crude rose above $110 a barrel on Monday on a weaker dollar and concerns over global oil supplies, after losing $16 last week in its biggest ever decline in dollar terms. ›
Brent dropped by as much as 0.5% today to stay below $115, as investors betting oil prices would rise with western involvement in Libya’s civil war took profits in anticipation of a slowdown in air strikes. ›
Oil jumped to the highest in more than two years as violence intensified in Libya, stoking concern crude supplies will be disrupted as violence escalates around the Middle East and North Africa. ›
Despite optimism over a shale ‘glut’, gas prices will remain high. Yet the UK is well placed to ensure the lights stay on. ›
Oil rebounded from an 11-week low in New York on signs U.S. stockpiles are shrinking and as political protests in the Middle East spread to Libya and Bahrain. ›