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Daily: UK prompt gas prices climb on colder weather, robust oil
Crude oil prices boosted 5 percent on Wednesday, their biggest increase in three weeks, after the U.S. government unveiled an unexpected draw in domestic crude inventories versus market expectations for a new record high. U.S. crude's front-month contract rose by $1.86 to settle at $37.75 a barrel. It rallied to $37.90 earlier, after slipping to $35.24 the previous day, its weakest level since March 4. The front-month contract Brent gained $1.97 to close at $39.84 a barrel. Its session peak was $39.94.
read more... 07/04/2016
Norway will increase gas production capacity, envisages Arctic pipeline
Norway intends to raise its gas production capacity and is assessing the potential for constructing a pipeline from the Barents Sea to satisfy future demand in Europe, according to its gas system operator Gassco on Tuesday.
read more... 06/04/2016
Daily: Oil price reduces to one-month low on unpredicted U.S. demand drop
Oil dropped to a one-month low on Tuesday after a surprise decline in gasoline demand in the United States, the world's biggest oil consumer, and hesitations whether oil producers can agree a production freeze to reduce a global supply glut.
read more... 05/04/2016
Denmark hopes to solve North Sea gas issues with Maersk
The Danish government declared it would try to find an economically feasible solution for gas output in Denmark's part of the North Sea, after A.P. Moller-Maersk threatened on Monday to close the country's most important gas field.
read more... 05/04/2016
Fluxys abandons plans to acquire a 17% stake in Greek gas grid operator DESFA
Belgium’s Fluxys has given up plans to purchase a stake in Greece’s natural gas grid operator DESFA from Azeri company, SOCAR.
read more... 04/04/2016