Latest news
Lukoil aims to sell some foreign assets due to Crimea sanctions
Lukoil is seeking to reduce its refinery complex in Italy and concentrate on internal production.
read more... 22/09/2017
Daily (20.09.2017): WTI crude price dipped to $49.48 a barrel on increased U.S. shale production
Oil markets dipped on Tuesday, influenced by increasing U.S. shale production and worries that another hurricane hitting the Caribbean could affect refineries and disrupt delivery to and from the United States.
read more... 20/09/2017
Iraq’s Majnoon oil field is of no interest to Shell
Shell wants to sell its share in Iraq’s Majnoon oil field after both parties failed to reach an agreement on future production plans and investment budgets, as stated by Reuters on Wednesday.
read more... 14/09/2017
Solar panel prices will go high as EU sets up tariff on Chinese imports
Analysts foresee a price increase up to 30% on Chinese solar modules because of duties to be applied by EU.
read more... 11/09/2017
Daily (05.09.2017): Brent price down by 0.8% on Monday, while WTI crude up amid reviving U.S. refineries
Brent price fell on Monday, after North Korea detonated a hydrogen bomb sparking a powerful 6.3 magnitude earthquake, 'escalating' nuclear crisis. This triggered a shift away from crude markets to assets perceived to be safer, such as gold. Brent crude edged $0.41, or 0.78% lower at $52.34. Meanwhile, the WTI had an opposite trend, growing by 0.23% to settle at $47.40 a barrel, as U.S. refineries that use crude to make fuel were gradually starting up again, along with the pipelines transporting products. This is a potentially bullish development for the WTI crude oil.
read more... 05/09/2017