Calmer U.S equity markets led to a decline in oil prices on Wednesday. Brent crude ended 32 cents, or 0.5%, down at $61.82 a barrel. Meanwhile, WTI futures lost $0.14, or 0.3%, to close at $53.76 a barrel.
read more... 20/06/2019
Temasek-owned Pavilion Energy has entered into an agreement to purchase the portfolio of LNG assets of the Spanish energy company, Iberdrola.
read more... 20/06/2019
Crude oil prices rebounded from the earlier four-month low on Tuesday, on the back of stronger U.S. stock markets after China’s call for dialogue with the U.S. to solve the trade dispute. Firmer expectations for an interest rate cut following the comments from U.S. Federal Reserve Chairman also boosted market sentiment. Brent crude rose by 1.1% to $61.97 a barrel, while WTI futures edged up by 0.4% to $53.48 a barrel.
read more... 05/06/2019
The CEO of Czech energy group CEZ said on Monday that it is planning to sell its assets in Romania, Bulgaria, Poland and Turkey, Czech media reported.
read more... 28/05/2019
On May 21, Novatek announced that its third major LNG plant in the Yamal-Nenets Autonomous District will be launched in 2022. The final investment decision is to be reached later this year.
read more... 27/05/2019