Crude oil prices boosted over 2 percent on Wednesday as U.S. crude stockpiles increased less than expected, supply disruptions were prolonged in Libya and the OPEC-led output cut deal is likely to be extended.
read more... 30/03/2017
Total, the French based company, announced about its intention to start the largest investment in petrochemicals, a multi-billion-dollar joint venture in Texas, as it wants to gain profit from the new "business-friendly environment" under the existing U.S. government.
read more... 29/03/2017
Earlier this week, Poland announced about its intention to build a second liquefied natural gas (LNG) terminal on the Baltic Sea by 2021 with an estimated investment of 700 million euros ($761 million), as a possible alternative to a scheduled gas pipeline to Norway.
read more... 29/03/2017
British Petroleum has made a new gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt, which is the third for the company.
read more... 29/03/2017
Crude oil prices advanced as much as 2% on Tuesday after a massive disruption to Libyan oil supplies and as officials hinted OPEC and other producing countries could extend an output reduction deal to the end of the year.
read more... 29/03/2017