Crude Inventories
Oil and utilities highlights
2005-12-07
SAN FRANCISCO (AFX) -- The American Petroleum Institute said crude inventories rose 686,000 barrels for the week ended Dec. 2. Motor gasoline inventories were up 4.5 million barrels, the API said. Distillate stocks climbed 3.6 million barrels. The Energy Department had reported a 2.7 million barrel climb for crude, gasoline and distillate supplies.
2005-12-07 15:35:51 U.S. petroleum stocks climb: Energy Dept
SAN FRANCISCO (AFX) -- The Energy Department said inventories of crude, motor gasoline and distillates all climbed 2.7 million barrels for the week ended Dec. 2. Crude supplies stand at 320.3 million, or 11.1% above the year-ago level. Distillate supplies totaled 130.6 million -- 5.9% above the year-ago level and gasoline stocks were at 202.6 million, or 4.3% above the same level from a year ago. January crude was up 6 cents at $60 a barrel after an earlier rise to $60.55. January unleaded gas shed 1.1 cents to $1.5725 a gallon. January heating oil lost 1.1 cents to $1.761 a gallon.
2005-12-07 15:26:42 EU's Piebalgs sees oil price at 50-60 usd in coming years
FRANKFURT (AFX) - EU energy commissioner Andris Piebalgs expects oil prices to fluctuate between 50 to 60 usd per barrel in the coming years, he said in an interview to be published tomorrow in weekly Die Zeit.
2005-12-07 15:18:14 CERA: Peak in oil supply not "imminent"
NEW YORK (AFX) -- Cambridge Energy Research Associates said Wednesday it doesn't see a peak in world oil supply before 2020 and that an increase in unconventional oils, including condensate and natural gas liquids, would help add capacity by up to 25% in the next 10 years.
2005-12-07 15:12:45 Bulgarian govt, AES launch construction of power plant
SOFIA, Dec 7 (AFP) - The Bulgarian government and the US power company AES Corp today launched the construction of a 670-megawatt power plant at the Maritza East Complex in eastern Bulgaria, energy minister Rumen Ovcharov and AES chief executive Paul Hanrahan told a press conference.
2005-12-07 15:12:33 Crude prices top $60 a barrel ahead of inventory
SAN FRANCISCO (AFX) -- January crude climbed 46 cents to $60.40 a barrel in early trading on the New York Mercantile Exchange as traders awaited the latest update on petroleum supplies from the Energy Department, which is due out at 10:30 a.m. Eastern time. Expectations for crude supplies are mixed but most analysts predict a climb in distillate inventories for last week. January natural gas tacked on 2.9% to trade at $13.88 per million British thermal units ahead of a Thursday update on stocks of the heating fuel.
2005-12-07 14:26:49 Edison targets over 5 pct avg annual sales growth in 2006-2013; EBITA faster
MILAN (AFX) - Edison SpA said that under its new 2006-2013 business plan it is targeting an average annual sales growth of over 5 pct, while EBITDA is seen growing at "more significant" rate.
2005-12-07 12:08:46 Centrica achieves record sales at UK's largest gas storage site
LONDON (AFX) - Gas retailer Centrica PLC said it achieved record sales at the UK's largest gas storage facility.
2005-12-07 10:15:55 London shares continue higher midmorning boosted by UK banks
LONDON (AFX) - Leading shares continued to rise in midmorning trade, as UK banks continued to rally on the back of HBOS' upbeat trading update released yesterday, dealers said.
2005-12-07 09:35:07 Norsk Hydro says Iranian Anaran discovery 'one of the largest in years'
OSLO (AFX) - Norsk Hydro ASA's executive vice president Tore Torvund said the oil discovery at the Iranian field Anaran is one of the largest in years, according to a report in Norwegian daily Dagens Naaringsliv.
Copyright 2005 Interactive Investor Trading Limited
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