Latest news
Daily (12.12.2018): Carbon prices slumped by more than 3% on Tuesday
Oil prices rose slightly on Tuesday, due to weaker equity markets and worries about a possible U.S. government closure following Trump’s declaration related to the Mexican Border Wall. Brent crude edged 0.4% higher at $60.2 a barrel. Additionally, Libya's National Oil Company (NOC) stated that a force majeure situation occurred at the nation's major oilfield. WTI crude soared by 1.3% to $51.65 a barrel.
read more... 12/12/2018
Daily (11.12.2018): Oil prices lost around 3% on Monday, on doubts that OPEC-led output cuts will be enough to support the market
On Monday, oil prices turned bearish on fears about global stock markets and doubts that OPEC-led production cuts will be enough to support the market. Brent crude dropped by 2.8% to settle at $59.97 a barrel. At the same time, WTI crude lost 3.1% to $51 a barrel.
read more... 11/12/2018
Daily (26.11.2018): Brent crude lost 6.1% on Friday, on worries about oversupply
Concerns over abundant crude supplies and a deceleration in world economic expansion put heavy pressure on oil prices on Friday. Moreover, global equity markets plunged as well. Brent crude tumbled to $58.8 a barrel, posting a 12% loss week-on week. Meanwhile, WTI crude prices fell to $50.42 a barrel, or a 11% decline for the week.
read more... 26/11/2018
BP plans to spend over $1bn in Egypt in 2019
BP is planning to spend more than a billion dollars on its assets in Egypt in the coming year. According to Bob Dudley, BP chief executive, the company will spend $1.8 billion in Egypt and an additional $1 billion annually in Abu Dhabi on new discoveries and licensing rounds as it looks to expand its operations in the Middle East.
read more... 16/11/2018
Enagás-led LNG-fueling project gets EU funding
Spanish LNG terminal operator, Enagás, informed the LNGHIVE2 project has been granted funding by the European Commission through its Connecting Europe Facility.
read more... 16/11/2018