Norway-focused independent Lundin Energy has started crude production from an extended well test (EWT) at the Rolvsnes field in the Norwegian North Sea.
read more... 11/08/2021
Crude oil prices slid to a three-week low on Monday as the new pandemic measures in Asia, especially China, the world-second largest oil consumer and largest crude importer, prompted fears of a demand slowdown. Hence, Brent crude fell by $1.66, or 2.4%, to settle at $69.04 a barrel. U.S. WTI crude shed by $1.80, or 2.6%, to settle at $66.48. Both benchmarks posted their lowest close since July 19.
read more... 10/08/2021
Crude oil prices retreated on Friday, pressured by the spread of the Delta variant of Covid-19 and concerns over demand for black gold. Consequently, Brent oil lost 0.8% to end at $70.70 a barrel and WTI crude fell by 1.2% to $68.28 a barrel.
read more... 09/08/2021
Oil prices moved upwards, snapping a three-day losing streak on Thursday amid increasing Middle East tensions. However, news restrictions to counter the spread of the Delta variant limited gains. Hence, Brent crude rose by 91 cents, or 1.3%, to settle at $71.29 a barrel. U.S. WTI crude rose by 94 cents, or 1.4%, to settle at $69.09 a barrel.
read more... 06/08/2021
Oil prices fell on Wednesday, weighed by concerns over demand as crude reserves rose unexpectedly in the US. Consequently, Brent oil price dropped by 2.8% to $70.38 a barrel and WTI crude plunged by 3.4% to $68.15 a barrel.
read more... 05/08/2021