By Geoff Foster PUBLISHED: 18:18 EST, 12 June 2012 | UPDATED: 18:19 EST, 12 June 2012 The oil price continued to trade below $100 a barrel with Brent Crude a further 0.93 off at $97.07 on expectations that OPEC will raise its production quota. Against this backdrop, and with fears that a short-term fix...
NEW YORK (AP) — Oil prices fell Wednesday as negative U.S. economic news trumped a report showing a decline in the nation’s oil and gasoline supplies. Benchmark crude dropped 49 cents in midday trading Wednesday to $82.83. Brent crude, which is used to price international oil and to make gasoline in much of the...
The price of oil hovered above $82 a barrel Tuesday after touching an eight-month low near $81 earlier in the session amid concern Spain’s bank bailout won’t be enough to stem Europe‘s debt crisis and suggestions OPEC could boost production targets. By early afternoon in Europe, benchmark oil for July delivery was down 24...
OKLAHOMA CITY–(BUSINESS WIRE)– The Sustainable North American Oil Sands ETF (NYSE:SNDS) begins trading today, becoming the third exchange-traded fund brought to market by Exchange Traded Concepts, LLC (ETC) this year. “Sustainable Wealth Management has led the development of rules-based investment strategies for the Canadian energy sector. Our ability to bring this idea to market...
By Clyde Russell LAUNCESTON, Australia (Reuters) – The gain in China‘s crude oil imports in May to a record high is a reflection of increased stockpiling rather than a sign of rising demand and economic strength. Imports surged 14.5 percent from April to 25.48 million tonnes, equivalent to about 6 million barrels a day,...
The price of oil rose to near $85 a barrel Monday after Europe offered Spain a $125 billion rescue loan for its troubled banks and China significantly increased its imports of crude. By early afternoon in Europe, benchmark oil for July delivery was up 77 cents to $84.87 per barrel in electronic trading on...
11 June 2012 Fastnet Oil mp; Gas plc Admission to trading on AIM and ESM Completion of £10 million fundraising, acquisition of Terra Energy Limited, admission to trading on AIM and the Enterprise Securities Market (“ESM”), Ireland (Xetra: A0Q8L3 – news) Fastnet (“Fastnet” or the “Company”) (AIM: FAST, ESM: FOI), is pleased to announce...