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Daily: Oil losses ground again before OPEC meeting
Crude oil prices declined almost by 3 percent for a second consecutive day on Thursday ahead of an OPEC decision to maintain the market oversupplied and on concerns that spiking European bond yields could tighten the speculative money and depress oil. The highly expected OPEC meeting on Friday isn't expected to lead to easing of a glut of global-crude supplies or take into account the prospect of growing output from Iran. OPEC is expected to hold output target of 30 million barrels per day, ignoring calls from some producers to cut supply and support prices.
read more... 05/06/2015
Russia’s Novatek inks LNG supply agreement with France’s Engie
Russia's No.2 gas producer Novatek has inked a long-term agreement with France's Engie on providing liquefied natural gas (LNG) from its future Yamal LNG project, an accord which almost finalizes the project order book.
read more... 03/06/2015
Statoil stretched gas supply agreement with Britain's SSE
Norway's Statoil declared on Monday it had extended five-fold a long-term gas sale deal with Britain's second-largest utility SSE.
read more... 02/06/2015
Daily: UK gas prices tumble on supply glut
Crude oil prices rose by about 5 percent on Friday, their largest hike in 1-1/2 months, as a constant U.S. dollar and a bigger than expected decline in U.S. oil rigs in operation compensated a fresh rush of bullish bets. Brent crude closed at $65.56 a barrel, up $2.98, or 4.8 percent, on the day. It was flat on the week, while for the month, it declined by 2 percent. U.S. crude has increased by as much as $4 a barrel after touching a one-month low just a day ago. WTI crude closed at $60.30, up $2.62, or 4.5 percent, on the day, and up about 1 percent on both the week and month.
read more... 01/06/2015
Daily: British gas prices diverge on supply glut, colder temperatures forecasts
Crude oil prices decreased by up to 3 percent for a second consecutive day on Wednesday as a strengthening dollar weighted on the market amid worries that U.S. crude supplies may have begun increasing again after three weeks of declines. Brent crude fell $1.66, or 2.6 percent, to settle at $62.06 a barrel. U.S. crude closed at $57.71, down 52 cents, or 1 percent.
read more... 28/05/2015