Latest news
Daily: British gas prices tumble as gas imports recover
Crude oil evolved differently on Tuesday, with WTI recovering from six-week lows on anticipated demand for crude after Colonial Pipeline Co is likely to restart its main gasoline line by Wednesday. The American Petroleum Institute reported a 7.5-million-barrel draw in U.S. crude oil supplies on Tuesday, instead of the increase that many expected. Brent crude for November delivery lost 7 cents to settle at $45.88 a barrel after the release of the API report. U.S. WTI crude for October delivery rose 14 cents to close at $43.44.
read more... 21/09/2016
EBRD ready to back Bulgaria
The European Bank for Reconstruction and Development (EBRD) is ready to back Bulgaria's plans for a regional natural gas hub and will offer financial support if the project proves feasible, the bank's president declared on Monday.
read more... 20/09/2016
Novatek likely to start first Yamal LNG cargoes in 2017
Novatek, Russia's second largest gas producer, intends to start liquefied natural gas (LNG) production at Yamal in the second semester of 2017 and to convey its first cargoes before the end of that year, as stated by a senior executive.
read more... 20/09/2016
Engie struck oil and gas at Cara well in Norwegian North Sea
French utility Engie (ex-GDF Suez) has found gas and oil in the Norwegian part of the North Sea, near the existing Gjoa field which it operates.
read more... 19/09/2016
Daily: Crude oil ends down hit by oversupply fear, gasoline rally
Crude oil prices lost up to 2% on Friday to hit multi-week lows after Iran, the third-biggest OPEC producer, raised crude exports to over 2 million barrels per day (bpd) in August, intensifying fears about a global glut, while gasoline increased on refinery and pipeline outages. Bearish U.S. equity markets and rising dollar also had an impact on crude futures and other commodities denominated in the greenback. Brent crude futures declined 82 cents, or 1.8%, to settle at $45.77 a barrel, reaching a two-week low of $45.48. U.S. West Texas Intermediate crude futures fell 88 cents, or 2%, to close at $43.03 a barrel. WTI hit a five-week bottom of $42.74. For the week, Brent lost 5%, while WTI lost 6%.
read more... 19/09/2016