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Energy Eye - Monthly Energy News Reports The UK's first Carbon Neutral Utility Consultancy

Date: 28th April 2008

Energy Eye - Oil/Coal Report

provide some timely relief to the oil market, as prices briefly fell during the middle of last week. However, news of the Grangemouth pensions negotiation breakdown , along with a drop in output from Nigeria, the world's eighth largest exporter, toward the end of the week saw prices close the week at new record highs - $117.56 per barrel for Brent Crude. Tensions in the Middle-East have escalated between the US and Iran, with reports that a US cargo ship, contracted by the US army to carry military cargo to Kuwait, fired at Iranian boats.

Oil/Coal Prices

  Price Change
Brent Crude    
$/bbl 1117.11 +8.21
last year 68.28  
Coal    
$/MT 150.10 +6.30
last year 79.91  

Monthly $/bbl & $/Mtonne

Indicators

Oil On Day +1.33%  
Coal on Day +34.93%  
Oil on Year +71.51%  
Coal On Year +87.84%  

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