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Polish PGNiG starts drilling new production well in Pakistan

PGNiG Operating Branch in Pakistan is carrying out work in the Rizq licence area, north of Rizq-1 well, which was brought on stream in November 2016. A year later, another well, Rizq-2, was drilled.

read more... 10/07/2019

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Price of Romanian natural gas has become 33 pct higher than import gas price, in June

The price of natural gas domestic production has increased by 33 percent as compared to that of import gas in June, according to data published by the Romanian Commodities Exchange (BRM) and analyzed by AGERPRES.

read more... 09/07/2019

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Yamal LNG H1 2019 production hits 9 million tons

Russia’s largest independent natural gas producer Novatek said that Yamal LNG has produced 9.0 million tons of LNG and 0.6 million tons of stable gas condensate in the first half of 2019.

read more... 03/07/2019

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Daily (02.07.2019): NBP spot spiked by 11% on Monday, due to outages at Norwegian gas infrastructures

Crude oil prices diverged on Monday. WTI futures inched up by 1.1% to $59.09 a barrel, following OPEC’s decision to extend its output cuts by another nine months until March 2020. Prices were also supported by the easing of trade tensions between U.S. and China, as their presidents agreed not to impose further tariffs on U.S. and Chinese goods. However, Brent crude settled 2.2% lower at $65.06 a barrel, due to persistent demand worries stoked by the slowing global economy and surging U.S. crude production.

read more... 02/07/2019

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Russia, Saudi agree to extend OPEC production cut deal: Vladimir Putin

Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.

read more... 01/07/2019

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