WTI Falls a Fifth Day Before OPEC Meets as United Arab Emirates U.A.E. Sees Weakness

West Texas Intermediate crude fell a fifth day, the longest run of declines this year, as the United Arab Emirates said global demand will stay “relatively weak.” OPEC is forecast to keep its supply target unchanged on May 31.
Futures slid as much as 1 percent in New York after capping a…http://alternativeenergy.com.pk/national-news/wti-falls-a-fifth-day-before-opec-meets-as-united-arab-emirates-u-a-e-sees-weakness/ Africa, Asia, Australia & New Zealand, China, Commodities, Eastern Europe, Energy Industry, energy markets, Germany, India & Pakistan, Middle East, United Arab Emirates

Oil-Fixing Probe Accelerates as EU Asks Traders for Help University of Houston’s Global Energy Management Institute,

The investigation into possible oil-price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators.
Glencore Xstrata, Gunvor and Vitol Group, which aren’t under investigation,…http://alternativeenergy.com.pk/international-news/oil-fixing-probe-accelerates-as-eu-asks-traders-for-help-university-of-houstons-global-energy-management-institute/ Australia & New Zealand, Commodities, Eastern Europe, Energy, Energy Industry, energy markets, Europe, France, Germany, Italy, Law, Sustainability

Enron No Lesson for Traders as Price Manipulation Probed European Union regulators may discover energy traders never learned the lessons of the scandal.

Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
 
BP Plc (BP/), Royal Dutch Shell Plc (RDSA) and Platts were visited by EU…http://alternativeenergy.com.pk/oil-gas-energy/enron-no-lesson-for-traders-as-price-manipulation-probed-european-union-regulators-may-discover-energy-traders-never-learned-the-lessons-of-the-scandal/ Commodities, discover energy, Eastern Europe, Energy, Energy Industry, energy markets, Enron No Lesson, Environment Law Canada, Europe, European Union regulators, Financial Advisers, France, Germany, India & Pakistan, Italy, JAPAN, Latin America, lessons of the scandal, Manipulation Probed, Sustainability, traders never learned, Traders Price, U.K. & Ireland, U.S.

WTI Crude Recovers After Falling on Signs of Weaker Fuel Demand signs of economic weakness in the U.S. and Europe.

West Texas Intermediate gained after falling for the fifth time in six days amid signs of economic weakness in the U.S. and Europe.
Futures recovered following a decline of as much as 1.1 percent in New York. New housing starts in the U.S. fell more than forecast in April to a five-month low,…http://alternativeenergy.com.pk/oil-gas-energy/wti-crude-recovers-after-falling-on-signs-of-weaker-fuel-demand-signs-of-economic-weakness-in-the-u-s-and-europe/ Commodities · Energy Markets, Eastern Europe, Energy Industry, India & Pakistan, Latin America, Middle East, WTI Crude Recovers

Shell Targeted With BP in EU Price Fixing Probe for Oil: Energy oil-price data collector owned by McGraw Hill Financial Inc (MHFI).

Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market.
 
Royal Dutch Shell Plc (RDSA), BP Plc (BP\LN), Statoil ASA (STL) and Platts, the…http://alternativeenergy.com.pk/oil-gas-energy/shell-targeted-with-bp-in-eu-price-fixing-probe-for-oil-energy-oil-price-data-collector-owned-by-mcgraw-hill-financial-inc-mhfi/ Canada, Commodities, Eastern Europe, Energy Industry, energy markets, Environment, Europe, Italy, Latin America, Law, Sustainability, U.K. & Ireland

Crude Drops a Third Day as China Reduces Demand West Texas Intermediate oil fell

West Texas Intermediate oil fell for a third day as China’s crude processing reached the lowest level in eight months in April and OPEC boosted output. Brent crude’s premium to WTI narrowed to a 27-month low.
Prices dropped 0.9 percent as refining in China decreased to 9.36 million…http://alternativeenergy.com.pk/international-news/crude-drops-a-third-day-as-china-reduces-demand-west-texas-intermediate-oil-fell/ Africa, Canada, Commodities, Eastern Europe, Energy Industry, energy markets

West Texas Intermediate crude WTI Trades Near One-Week Low as Stockpiles Rise to 82-Year High

West Texas Intermediate crude traded near the lowest level in more than a week after government data showed U.S. stockpiles climbed to the highest in 82 years.
Futures were little changed in New York after slumping 2.6 percent yesterday, the most in more than two weeks. U.S. crude supplies…http://alternativeenergy.com.pk/international-news/west-texas-intermediate-crude-wti-trades-near-one-week-low-as-stockpiles-rise-to-82-year-high/ Australia & New Zealand, Commodities, Eastern Europe, Energy Industry, energy markets, India & Pakistan, U.S., West Texas Intermediate crude