Energy

Oil higher but rising crude inventories limit gains

Crude oil prices rose on Wednesday in choppy trading as U.S. heating oil rallied on falling distillate inventories, while rising crude oil stockpiles in the United States and the stronger dollar limited gains. FULL STORY »

Oil climbs towards $110, robust U.S. data supports

Oil rose towards $110 a barrel on Wednesday, extending gains after robust U.S. data brightened the outlook for demand in the world's biggest oil consumer. FULL STORY »

Oil up on strong U.S. data, Brent premium to U.S. crude shrinks

Brent crude rallied late on Tuesday to settle up more than $1 above $109 a barrel, after U.S. crude had surged to a five-week high above $96 a barrel, lifted by stronger manufacturing and housing data in the United States. FULL STORY »

Brent premium slips to lowest in 8 months

Brent oil's premium to U.S. crude fell to its lowest in over eight months on Tuesday as an increasing supply of shale oil has reduced the U.S. need for imports from Africa and the North Sea. FULL STORY »

Oil rises above $108 after last-ditch Cyprus deal

Brent crude rose above $108 on Monday after Cyprus secured a last-minute bailout deal, averting a deeper euro zone crisis and boosting the outlook for oil demand in the troubled region. FULL STORY »

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 »

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