Crude oil prices lost ground on Tuesday, but continued to trade in a tight range, as concerns about swelling U.S. crude stockpiles eclipsed OPEC production reductions. U.S. crude stockpiles have boosted for seven straight weeks. Forecasts for another weekly build of 3.1 million barrels fueled worries that demand growth may not be enough to absorb the oversupply.
read more... 01/03/2017
Russia’s second-largest oil producer Lukoil hopes to secure a deal to develop two oilfields in Iran in April.
read more... 28/02/2017
French energy giant Total is in talks with Iran to acquire a major stake in one of the country’s main liquefied natural gas (LNG) projects.
read more... 28/02/2017
The EU will grant €10 million (£8.45m) to part fund the development of a power interconnector between Scotland and Norway, called Northconnect.
read more... 28/02/2017
Crude oil prices posted minor changes on Monday as the prospect for the U.S. crude production to continue increasing outweighed reports of high compliance to the OPEC production cut agreement.
read more... 28/02/2017