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Daily: Crude oil prices soar on loading issues for UK crude, higher U.S. gasoline demand
Crude oil prices hiked as much as 3 percent on Wednesday, with Brent spurred by news of stalled loadings for the United Kingdom's North Sea oil due to technical issues, while U.S. crude futures boosted after robust demand for gasoline reduced worries about record high crude stockpiles. Brent, the global benchmark for crude, rose $1.14, or 3.4 percent, to settle at $34.41 a barrel. U.S. crude futures advanced 28 cents, or nearly 1 percent, to close at $32.15 after gasoline demand soared more than 5 percent over the past four weeks compared with a year ago, according to the government data.
read more... 25/02/2016
Bulgaria inks an agreement with Shell for deepwater oil and gas exploration
Bulgaria signed a deal with Royal Dutch Shell on Tuesday to explore for oil and gas in an offshore block in the Black Sea in a bid to end its almost total reliance on Russian natural gas.
read more... 24/02/2016
Qatar, Maersk and Shell collaborate to develop LNG as marine fuel
Qatar and Royal Dutch Shell have decided to develop liquefied natural gas (LNG) as a marine fuel for utilization by the world's biggest container shipping firm, A.P. Moller-Maersk, Qatargas declared in a statement on Monday.
read more... 23/02/2016
French gas prices will increase by 2.76 % on July 1, according to regulator
GrDF, the distribution division of French gas firm Engie will increase its prices by 2.76 percent on July 1, below its requested raise of 11.4 percent, as stated by the French energy regulator CRE on Monday.
read more... 23/02/2016
Spain’s Repsol unveils a significant gas discovery in Bolivia
Spain's Repsol has unveiled a discovery of 4 trillion cubic feet (tcf) of possible natural gas reserves in Bolivia that it will start drilling in 2019.
read more... 22/02/2016