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Russia Oil Production Dips

Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within its cap under the OPEC+ deal.

read more... 15/05/2019

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Daily (14.05.2019): NBP day-ahead price tumbled by 8.1% on Monday, due to milder weather forecasts

Crude oil prices lost ground on Monday, as China-US trade negotiations escalated further, and China claims to impose higher tariffs on a range of U.S. goods. Investors fear that the trade war can intesify and cause disturbances in global economy. As a result, Brent crude edged 0.6% lower to $70.23 a barrel, while WTI futures traded 1% lower at $61.04 a barrel.

read more... 14/05/2019

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Russia’s Novatek could almost triple Vysotsk LNG capacity

Russia’s Novatek, the operator and developer of two giant Arctic LNG export projects, may significantly increase output at its medium-scale liquefied natural gas export plant in Russia’s Baltic Sea port of Vysotsk.

read more... 14/05/2019

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Equinor increases stake in Gulf of Mexico oilfield

Norwegian oil company Equinor has increased its stake in the Caesar Tonga oilfield in the U.S. Gulf of Mexico by buying Royal Dutch Shell’s 22.45% stake for $965 million in cash.

read more... 14/05/2019

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Vestas wins 459MW wind turbine order from PacifiCorp

Danish wind turbine-maker Vestas has secured an order from PacifiCorp to supply 459MW turbines for two wind farms to be located in Wyoming.

read more... 14/05/2019

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