Archive for the " Energy Trading " Category

U.S. average gasoline price rises: survey

May 18th, 2009

NEW YORK (Reuters) - The average price for a gallon of gasoline in the United States increased nearly 25 cents in the past three weeks on a rise in crude oil prices, according to the Lundberg survey released on Sunday.
The average national price for self-serve, regular, unleaded gasoline was $2.3010 a gallon on May 15, [...]

OIL FUTURES: Nymex Crude Falls On Swine Flu, Bank Concerns

April 28th, 2009

NEW YORK (Dow Jones)–Crude futures traded lower Tuesday amid concerns that the swine flu outbreak would curb oil demand.
Light, sweet crude for June delivery traded traded $1.25, or 2.5%, lower at $48.89 a barrel the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded $1.14 lower at $49.18 a barrel.
Commodities and [...]

Coal outlook dim as export prices tumble

December 21st, 2008

THE outlook for Australia’s coal exporters has continued to weaken, with reports of further falls in contract thermal coal prices.
Japanese newsletter The Tex Report said first coal contracts for Japan’s next financial year had been signed, with utilities getting coal at the export port at between $US70 and $US80 a tonne — up to a [...]

Ukraine to repay Russia before December 1 natural gas debt for September 2008

November 26th, 2008

NJSC “Naftogaz of Ukraine” CEO Oleh Dubyna has confirmed that, during the November 25 talks in Moscow, the management of Naftogaz and Russia’s JSC Gazprom really reached such an agreement.
The October and November gas payments will be negotiated at the next meeting. Mr Dubyna explained that the debt emerged in September because of the falling [...]

Iraqi Kurds to begin solo exports of crude oil

November 26th, 2008

BAGHDAD – Iraq’s self-ruled Kurdish regional government will export crude oil for the first time by early next year, a Kurdish official said on Wednesday.
Ashti Hawrami, the natural resources minister in the Kurdistan region, said an initial 100,000 barrels per day of crude oil from two northern Iraqi fields would be sent through a pipeline [...]

Iraq’s oil exports up in October

November 23rd, 2008

BAGHDAD: The Iraqi Oil Ministry says oil exports in October increased to 52.8 million barrels, up by 3.5 million barrels from the previous month.
The ministry says revenues in October were $3.11 billion, down $1.1 billion from the previous month because of the sharp drop in oil prices. Iraqi oil was purchased by 22 international oil [...]

Toronto stocks to open down as oil prices tumble

November 19th, 2008

TORONTO (Reuters) - The Toronto Stock Exchange’s main index is expected to open lower on Wednesday because of oil prices that tumbled to a 22-month low and concerns that the global economic picture could get worse before it gets better.
With no key Canadian economic data or corporate news to sway sentiment, the resource-heavy index could [...]

Egypt court orders freeze on gas exports to Israel

November 19th, 2008

CAIRO (AFP) – An Egyptian court on Tuesday ordered a freeze on controversial gas exports to Israel, saying parliament must first be consulted on the 15-year deal with Egypt’s former foe, a judicial source told AFP.
But Israel expressed confidence that the Egyptian government would not allow any interruption to gas deliveries under the deal despite [...]

MP: Iran loses billions of dollars by gas deal with UAE

November 17th, 2008

Iran’s member of parliament Seied Mohammad Reza Tajeddini said here on Sunday that Iran has lost billions of dollars by a gas deal with a Gulf firm, the official IRNA news agency reported.
Tajeddini regarded the contract between the two sides as illegal, adding that it was against the constitution and the interest of the [...]

Canadian Oil Sands Valued at $1.5 Trillion

November 12th, 2008

United Press International Tuesday, November 11, 2008
OTTAWA, Nov 10, 2008 (UPI via COMTEX) — Canada’s oil sands are arguably worth nearly $1.5 trillion, or more than four times the official estimate, a think tank said Monday.
The Canadian Center for the Study of Living Standards placed that value on the [...]