Energy

Oil gains, Brent premium to U.S. crude at narrowest since July

Brent crude edged higher on Friday while U.S. crude futures jumped more than $1 per barrel, sending the spread between the two contracts to the narrowest level since July. FULL STORY »

Oil holds above $107 as Cyprus bailout deadline nears

Oil prices held steady above $107 a barrel but were headed for a second week of losses on Friday as the lack of a solution to the financial crisis in Cyprus loomed over investors. FULL STORY »

Natural gas to electric power generators decreased in 2012

In the News: Average price spread of natural gas delivered to the power sector over coal declined by over three-quarters in 2012, while ratio of net natural gas power generation to coal rose by 39 percent. FULL STORY »

Oil falls on demand outlook worries as Cyprus struggles

Crude oil prices fell more than 1 percent on Thursday as Cyprus struggled to raise enough money to qualify for a bailout and avoid a banking collapse, reviving worries about the outlook for petroleum demand in Europe. FULL STORY »

Oil falls on Cyprus worries and weak manufacturing

Crude oil was pushed lower on Thursday by fears of further turmoil in the euro zone, as Cyprus scrambled to avoid bankruptcy, and by manufacturing data which showed a deepening downturn in the currency bloc. FULL STORY »

Brent oil rises from 3-month low as Cyprus concern eases

Brent crude oil rose above $108 a barrel on Wednesday, recovering from a three-month low, after the U.S. Federal Reserve signalled it would continue its stimulus programs and on optimism that European policymakers can keep a debt crisis in Cyprus from spreading. FULL STORY »

Total U.S. crude oil imports continue to decline in 2012

At 8.5 million barrels per day (bbl/d), U.S. crude oil imports in 2012 were the lowest for any year since 1997, as growing domestic crude oil production drove a 444,000 bbl/d (5.0 percent) decline from the 2011 import level. FULL STORY »

Oil rises from three-month low to $108

Oil rose to around $108 a barrel on Wednesday, recovering from a three-month low, on hopes the United States would continue with its stimulus programme and that the European Union would reach a last-minute deal to bail out Cyprus. FULL STORY »

Brent oil falls 2 percent to 3-month low on Cyprus fears

Brent crude oil fell 2 percent to a three-month low under $108 a barrel on Tuesday as uncertainty over a bailout for Cyprus raised concern about the euro zone debt crisis and its impact on energy demand. FULL STORY »

Oil slips to near $109 ahead of Cyprus bailout vote

Brent crude oil fell on Tuesday, trading near $109 a barrel as uncertainty over a bailout for Cyprus intensified concerns about the euro zone debt crisis, and energy demand if the economic picture darkens. FULL STORY »

Shares end down on Cyprus deal, pressured by banks

Global stock markets fell on Monday as concerns over European sovereign debt returned to the forefront after the euro zone's decision on partially funding a bailout of Cyprus by taxing bank deposits. FULL STORY »

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