Increased demand in fuel consumption in the United States and lower crude inventories boosted oil prices on Wednesday. Brent crude futures rose by 1.1% to settle at $76.74 a barrel. U.S. West Texas Intermediate (WTI) crude futures added 28 cents, or 0.4%, to $66.64 a barrel.
read more... 14/06/2018
The Italian natural gas transmission system operator Snam and the Albanian gas infrastructure operator Albgaz signed an agreement to form a joint venture for the operation and maintenance of gas pipelines in Albania, the company announced on Monday.
read more... 14/06/2018
TANAP started operations on June 12 at a grand inauguration ceremony.
read more... 13/06/2018
Algeria’s state oil company, Sonatrach, Total and Repsol on Monday signed a new concession contract for the Tin Fouye Tabnkoft (TFT) onshore gas and condensate field in Algeria, extending their participation for another 25 years.
read more... 12/06/2018
Oil prices retreated on Friday, pressured by growing Russian output and the highest in more than three years U.S. drilling activity. Brent crude dipped by 1.1% to close at $76.46 a barrel. West Texas Intermediate (WTI) crude contracts closed 21 cents lower at $65.74 a barrel, or about 0.3% loss.
read more... 11/06/2018