Latest news
Russia postpones Arctic drilling plan for up to three years
The Russian Government has made known about its plan to defer its drilling operations on the Arctic Shelf for about three years.
read more... 02/10/2015
Daily: British day-ahead gas prices plunge at a three-week low on supply glut
Crude oil prices hiked on Monday, with WTI crude soaring more than 4% on signs of declining inventories, lower drilling activity that could slash future output and an increase in gasoline futures that spurred the overall petroleum complex. U.S. crude for front-month delivery rose $2, or 4.5 percent, to settle at $46.68 a barrel. The front-month in Brent boosted $1.45, or 3.1 percent, to close at $48.92.
read more... 22/09/2015
Daily: Crude oil ends down about 2% as Goldman Sachs lowers price forecast
Crude futures declined by 2 percent or more on Friday after Goldman Sachs slashed its forecast for oil, however a bullish sentiment from recovering U.S. inventories prices and less drilling for oil helped to curb losses.
read more... 14/09/2015
Daily: European spot power prices rebound amid lower renewable output
Crude oil futures declined about 2 percent on Friday as traders paid little attention to a decline in the number of U.S. rigs drilling for oil and focused instead on an oversupply and falling stock prices on Wall Street. WTI crude dropped 70 cents, or 1.5 percent, to settle at $46.05. It posted a 1.7 percent hike on the week, after last week's near 12 percent gain, the largest since 2011. Brent crude lost $1.07, or 2.1 percent, to close at $49.61 a barrel. It registered a 0.9 percent decline on the week.
read more... 07/09/2015
Total might begin Bulgaria offshore drill in early 2016
French oil company Total declared on Monday it was on the way to begin drilling for oil and gas at an exploration location off Bulgaria's Black Sea coast early next year.
read more... 19/08/2015