Organization

Also today it went with the local oil prices noticeably upwards. LEIPZIG. (Ceto) Trading on commodity exchanges has quietly presented itself until the afternoon. The quotations fluctuated only slightly; at the time, North Sea oil (Brent) per barrel cost just under 88 dollars; US light oil (WTI) was at 86.50 dollars. Meanwhile, the dollar against the euro is slightly gaining ground. Weak economic data from Germany, as well as on the other hand ensure on the one hand positive news from the U.S. labor market, so the portal futures services”.

It comes, however, after the Organization of petroleum exporting countries (OPEC), so consumers need to dissolve in the medium term the idea, that it oil is as cheap as before. Not only that the cartel currently with barrel prices to the $90 toying. Published in their now annual world oil Outlook”sees a surge of in global energy demand by 40 percent, which should push up the price of oil OPEC in the next 20 years. Main motor of this development was the growth in developing countries, according to the report. Nevertheless remained the developed countries with a 3.5 times higher per capita energy consumption of clear leader.

OPEC expects an increase in the world dwell oil demand up to the year 2014 by 5.1 percent to 89.9 million barrels per day. Thus raising its last estimate of around 800,000 barrels. Also today it went with the local oil prices noticeably upwards. When a shipment of 3,000 litres, the 100-litre batch soared heating oil EL up 85 cents to 69,48 euro. The current survey by fuel level and oil observations showed this value. Thus, the costs to the highest level are located since early July. By comparison, a year ago, the same amount cost 59,54 euro; on November 8 2008 71,59 euro. The Ceto news ticker provides a daily assessment of the development of crude oil and heating oil prices as well as important messages to the energy market. Interested parties who want to embed this on their website to obtain further information: informationen_ceto_newsticker.PDF the development of domestic heating oil prices in the national average, and in the individual federal States show the graphics on the energy Portal brennstoffspiegel.de under the heading of market data. Regional deviations are possible due to the market at any time.