Latest news
Regal considers leaving Ukraine.
The oil British explorer, Regal Petroleum, announced that due to its poor performances in Ukraine, it plans to execute a strategic review, as CEO David Greer quit, and Chairman Keith Henry took over.
read more... 01/10/2010
Daily Energy Market Overview 09.30.2010
Oil increased above $78 per barrel on Thursday, due to weak dollar. U.S. crude oil futures climbed at $78.79 per barrel. At 11:37 GMT, it registered an increase of $0.84 to $78.70. ICE Brent crude futures were up $1.04 to $81.81 per barrel.
read more... 30/09/2010
Daily Energy Market Overview 09.29.2010
Oil was up on Wednesday. At 06:52 GMT, U.S. crude for November increased $0.49 to $76.67 per barrel, close to a two-week high above $77, while ICE Brent for November rose from $78.71 to $79.21. Crude stocks decreased by 2.4 million barrels, the API officials said.
read more... 29/09/2010
Equatorial Guinea signs five oil concession deals.
One of Africa’s largest oil producers, Equatorial Guinea, signed five concession deals, two of which were with Russia's Gazprom Neft that declared in June that they were hoping to sign a production-sharing agreement with the African nation for two oil offshore blocks.
read more... 29/09/2010
Daily Energy Market Overview 09.28.2010
Crude was down at $76 per barrel on Tuesday. At 06:46 GMT, U.S. crude for delivery in November decreased $0.65 to $75.87 per barrel, while ICE Brent fell $0.67 to $77.90 per barrel.
read more... 28/09/2010