Tag: oil market

• Wednesday, February 5th 2014 - 22:59 UTC

  US, the world's largest producer of oil approves licenses to export crude to Europe

  

  The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.

• Friday, September 30th 2011 - 23:26 UTC

  Oil prices end September 10% down on poor oil demand in Atlantic basin

  

  Oil prices fell on renewed economic concerns, putting Brent on track for about a 10% drop this month and its biggest quarterly decline in five quarters.

• Tuesday, April 5th 2011 - 09:18 UTC

  Crude at highest in 30 months pushed by US recovery and political turbulence

  

  Oil climbed to the highest level in 30 months in New York on Monday on speculation that US economic growth may support demand and a protracted conflict in Libya will curtail supply.