Energy

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 »

Oil falls towards $108 on Cyprus worries

Crude oil dropped more than $1 towards $108 a barrel on Monday as stock markets tumbled and the dollar strengthened after an unusual bank bailout proposal for Cyprus threatened to trigger fresh turmoil in the euro zone. FULL STORY »

Oil above $110 on U.S. recovery hopes, supply worries

Brent crude oil rose on Friday as strong U.S. jobs data fuelled hopes of better demand outlook in the world's top oil consumer, while concerns over supply from the Middle East added support. FULL STORY »

U.S. oil futures settle at two-week high on strong data

U.S. oil futures rose to the highest settlement price in two weeks on Thursday as data showed an improving U.S. labor market in the world's largest oil consumer. FULL STORY »

Natural gas outlook: EIA expects low end-of-season inventory

U.S. Energy Information Administration (EIA) projects working inventories of natural gas in storage will end the heating season at levels significantly lower than last year. FULL STORY »

Oil rebounds above $109 after four-day slide

Oil rose above $109 a barrel on Thursday, rebounding after four days of losses, although a subdued outlook for demand growth and easing supply concerns limited the gains. FULL STORY »

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