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Daily (11.07.2017): British NBP spot price declined by 2.8% on Monday
Oil rose modestly on Monday, lifted by a healthy demand expected in the coming weeks. However, increased drilling activity in the US and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook. Brent crude rose by 0.36% to end at $46.88 a barrel, while the WTI price increased by 0.38% to $44.40 a barrel.
read more... 11/07/2017
Iraq’s Maysan Oil drills first well on Iranian border
Iraq’s state-owned Maysan Oil will survey the production of oil and gas at the Haifaya oil field, which was opened during a visit from the Oil Minister Jabrane Al-Luaibi.
read more... 11/07/2017
Tanzania Mkuju River mining project suspended
The international mining company owned by the Russian corporation Rosatom stated that, after proper negotiations and consultations, its subsidiary, Mantra Tanzania, is ready to halt all activity surrounding the Mkuju River project due to the depressed market price all over the world.
read more... 11/07/2017
Kyrgyzstan signs deal for construction of two hydropower projects with Czech Republic
Kyrgyzstan has signed a contract with the Czech Republic company Liglass Trading regarding the construction and management of the hydropower plants Akbulun HPP and Naryn HPP-1 in the Upper Naryn cascade.
read more... 11/07/2017
Daily (10.07.2017): EU carbon prices hit a new 4-month high on Friday
Oil prices ended sharply lower on Friday, toward their lowest finish in nearly two weeks, as a number of active U.S. oil rigs climbed higher, according to data from Baker Hughes released Friday. in U.S. That was combined with the weekly rise in total U.S. crude production reported by U.S. Energy Department Administration on Thursday. Brent crude fell by almost 3% to end at $46.71 a barrel, while the WTI price decreased by 2.83% to $44.23 a barrel.
read more... 10/07/2017