Latest news
KOG unveils drilling plans for Horse Hill and other UK onshore assets
UK Oil & Gas (UKOG) has unveiled its plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020 across its assets, located onshore UK, including the Horse Hill field, which it aims to bring into permanent production.
read more... 25/01/2019
Daily (24.01.2019): British spot gas price rose by 2% on Wednesday due to an undersupplied system
Oil prices pared earlier gains on Wednesday as worries over slowing world economic growth weighed on the markets. U.S. Energy Information Administration voiced expectations for increasing shale output, which put additional pressure on prices. On the other side, China and Japan indications to use stimulus measures to boost growth, alongside with OPEC-led output cuts, limited losses. Consequently, Brent crude edged 0.6% down at $61.14 a barrel, while WTI futures lost 0.7% to close at $52.62 a barrel.
read more... 24/01/2019
Daily (23.01.2019): European carbon prices up by nearly 3% on Tuesday to hit 3-week peaks
A downward trend was noticed in the oil markets on Tuesday, as persistent worries over Chinas’ economic slowdown and its potential negative impact on oil demand weighed on prices. IMF’s warning about increased risk of slowing global growth in the context of U.S.-China trade dispute put more pressure on prices. Consequently, Brent crude lost nearly 2% to settle at $61.50 a barrel. At the same time, WTI futures declined by 2.1% to $53.01 a barrel.
read more... 23/01/2019
Repsol upstream oil and gas production rises 3% in full year 2018
Spanish integrated energy group Repsol said in a regulatory filing Monday evening that its upstream oil and gas production in full year 2018 averaged 715,000 b/d of oil equivalent, in line with targets and up 3% from 2017.
read more... 23/01/2019
Daily (22.01.2019): French spot power prices surged by 13.2% on Monday on reduced nuclear availability due to strike
Oil prices inched up on Monday amid investors’ optimism driven up by surging stock markets and signs of weaker crude production due to OPEC-led output cuts. A record crude oil refinery throughput in 2018 reported by China’s National Bureau of Statistics supported the prices. However, a slowing economy and tensions between US and China limited gains. Brent crude edged 0.1% higher at $62.74 a barrel, while WTI futures rose by 0.7% to $54.17 a barrel.
read more... 22/01/2019