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Daily: Crude oil plunges to the weakest level since March on pessimist economic figures from China
Brent and WTI crude futures plunged on Friday to their lowest point since March and registered their fourth consecutive weekly decline as pessimistic economic data from China and an increase in U.S. oil drilling rigs put pressure. Brent crude for September delivery dipped 65 cents to close at $54.62 a barrel, the lowest settlement since March 19 and off 4.3 percent for the week. U.S. crude for September delivery shed 31 cents to settle at $48.14, its weakest settlement since March 31 and down 5.5 percent for the week. The session low of $47.72 was the lowest intraday price since April 1.
read more... 27/07/2015
Dutch government interdicts shale gas drilling for 5 years
The Dutch government declared on Friday it would interdict shale gas drilling for five years and not renew current exploration licenses because of uncertainties about the ecological impact.
read more... 14/07/2015
Daily: Crude oil ends flat as U.S. rig count rise curbs gains
Crude oil prices settled slightly changed on Thursday as the number of drilling rigs boosted by 12 times this week, the first increase since December. The count rise pared previous gains. Brent crude increased by 6 cents to close at $62.07 a barrel, after oscillating from $61.90 to $63.20. Prices turned lower in post-settlement trading. WTI crude plunged 3 cents to settle at $56.93, fluctuating from $56.65 to $57.95. It fell 4 percent in the previous session, the highest decline since April, after unexpected stockpiles build last week.
read more... 03/07/2015
Germany’s Wintershall Norge receives drilling permit in Norwegian North Sea
The Norwegian Petroleum Directorate has granted Germany’s Wintershall Norge AS a drilling permit for well 10/4-1 in the south-eastern part of the North Sea.
read more... 24/06/2015
Daily: Crude oil prices gain ground on declining U.S. drilling activity
Crude oil futures eased on 12 June amid worries about the global oversupply, but ended higher for the week, supported by falling U.S. drilling activity. Brent crude for July delivery contract declined by $1.24, or 1.9%, to settle at $63.87 a barrel on 12 June. Prices climbed by about 0.8% for the week. US crude for July delivery fell 81 cents, or 1.3%, to end at $59.96 a barrel on Friday. Prices posted a 1.4% increase on the week.
read more... 15/06/2015