Crude oil jumped again on Friday, with Brent posting its largest two-week gain in 17 years, on worldwide falling count for oil drilling rigs and violence in crude oil producer Libya helped further stall a selloff that started in June. Brent rose by $1.23, or 2.2 percent, on the day to settle at $57.80 a barrel. U.S. crude increased by $1.21, or 2.4 percent, to close at $51.69.
read more... 09/02/2015
Egypt works on three major oil and gas agreements estimated at $9.2 billion, after attracting investment of approximately $2.9 billion for oil and gas exploration in only a year, as stated by a representative of the energy ministry.
read more... 06/02/2015
Crude oil futures settled up over 4 percent on Thursday as intensified violence in oil producer Libya and a monetary easing by China’s central bank that could increase oil demand provided support. Benchmark Brent crude futures increased by $2.41, or 4.5 percent, to close at $57.57 a barrel. WTI futures rose by up $2.03, or 4.2 percent, to close at $50.48.
read more... 06/02/2015
Egypt has inked an agreement with trading house Trafigura to import 33 shipments of liquefied natural gas (LNG) spread over 2015 and 2016, the lion's share of a transaction settled with trading firms, as stated by the energy ministry on Thursday.
read more... 06/02/2015
State-owned Swedish utility Vattenfall is increasing investments in wind power as part of its effort to cut emissions and counterbalance losses at its struggling coal-fired power stations.
read more... 06/02/2015