Latest news
Exxon Mobil and Total have resumed their activities in France.
The strike at 12 oil refineries and at the France's two largest ports ended on Friday. French oil sector posted 230 million Euros losses because of the strike.
read more... 05/11/2010
Daily Market Update, Thursday, November 04, 2010
Oil was up on Thursday for a fourth day, after the dollar dropped following a U.S. Federal Reserve decision to inject more money into U.S. economy, world's top oil consumer. At 11:20 GMT, U.S. crude for December increased at $85.66 per barrel, while ICE Brent climbed to $87.26 per barrel.
read more... 05/11/2010
Statoil delayed its planned output increase by 2012.
Norway's Statoil decreased its 2010 oil and gas production target on Wednesday, after heavy maintenance work in the third quarter that affected its earnings and casted doubt on its plans to increase the output to 14% by 2012.
read more... 04/11/2010
Daily Market Update, Wednesday, November 03, 2010
Oil increased to a six-month high above $84 per barrel on Wednesday, after U.S. fuel inventories dropped. At 10:00 GMT, U.S. crude for December increased at $84.47per barrel, while ICE Brent climbed to $85.96 per barrel.
read more... 04/11/2010
Gazprom increases daily gas production by 22%.
Oil production in Russia, hit a new record. Russia's oil production increased to 10.26 million barrels per day in October, beating the high of 10.16 million barrels per day in September.
read more... 03/11/2010