Latest Brent Crude Stories
SINGAPORE, July 14 /PRNewswire/ -- Argus Media, the leading energy price reporting agency, will assess Australian North West Shelf (NWS) condensate as a differential to Atlantic basin marker North Sea Dated in response to the increasing use of North Sea Dated-linked prices in Asia-Pacific crude trade.More Asia-Pacific crudes are trading at prices linked to North Sea Dated, amid dissatisfaction with regional benchmarks.
**One Minute Tradable Brent and Gasoil Markers Available During the Asian Trading Day Beginning May 22** LONDON and SINGAPORE, May 12 /PRNewswire-FirstCall/ -- IntercontinentalExchange, Inc.(R) (NYSE: ICE), a leading operator of regulated global futures exchanges and over-the-counter (OTC) markets, today announced the introduction of a one minute tradable marker facility for ICE Brent Crude futures and the ICE Gasoil futures contracts during the Asian trading day.
ATLANTA, Dec. 9 /PRNewswire-FirstCall/ -- IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, announced the introduction of 11 new cleared energy contracts in its OTC marketplace beginning January 9, 2009.
By Stevenson Jacobs Associated Press NEW YORK -- Oil prices tumbled more than $10 a barrel Monday, dropping back below $100 as a U.S. financial bailout failed to win legislative approval, raising fears of a prolonged economic downturn that could drastically erode global energy demand.
By Stevenson Jacobs Associated Press NEW YORK -- Oil prices closed below $100 a barrel for the first time in six months Monday, tumbling in another dramatic sell-off as the demise of Lehman Brothers and the sale of Merrill Lynch deepened worries about the U.S. economy.
MOTORISTS look set to benefit from the market turmoil with oil prices tumbling on global growth fears, writes Scott Reid. A barrel of crude fell in trading on both sides of the Atlantic yesterday, aided by signs that Hurricane Ike had avoided wreaking too much havoc on key US infrastructure.
The price of Brent crude, the North Sea benchmark oil, for October delivery dropped $1.41 a barrel to $98.93, despite oil cartel Opec's decision to cut supply.Signs of a slowing economy in the United States expected to hit demand for oil brought an end to earlier rises with light, sweet crude also declining to $102.15 a barrel on the New York Mercantile Exchange.The International Energy Agency lowered its global oil demand forecast for both this year and 2009 to reflect slower economic...
VIENNA, Austria (AP) -- The just-ended OPEC meeting was about more than what a barrel of oil can fetch on the open market as the global economic picture grows dim.
By ADAM SCHRECK DUBAI, United Arab Emirates - Oil prices sank today as Hurricane Ike appeared less likely to strike Gulf of Mexico energy installations and Saudi Arabia suggested OPEC will not cut output later in the day.
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