Crude oil prices tumbled on Friday on anticipations that a weekend meeting of top oil exporters will have little impact on reducing an exacerbated glut, even if would provide a ceiling for the market. Brent crude futures eased 74 cents to close at $43.10, while U.S. crude settled down $1.14 cents at $40.36. Both contracts declined by more than 3.5 percent earlier in the day.
read more... 18/04/2016
Italian energy giant Eni envisages investing about 20 billion euros ($22.5 billion) in Africa over the next four years, mostly in the oil and gas industry, according to the company's Chief Executive Officer Claudio Descalzi.
read more... 18/04/2016
The construction of the most expensive nuclear power station in the world at Hinkley Point, near Somerset, could be delayed again, a French government official has hinted.
read more... 15/04/2016
Premier Oil has begun oil production from the $850m Solan field located in block 205/26a of production license P164 in the UK North Sea.
read more... 15/04/2016
Crude oil prices settled lower after a nervous trading on Thursday, capping losses due to a favorable report from the International Energy Agency (IEA), in a context of an omnipresent speculation after a Sunday summit in Doha between producing countries. Brent crude futures eased 34 cents to settle at $43.84 a barrel, while U.S. crude closed the session down 26 cents at $41.50.
read more... 15/04/2016