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Daily (09.01.2017): US crude increased slightly to settle at $53.99, as traders parse signs OPEC is reducing production
Oil traded higher on Friday since investors acquired futures before the weekend, but a strong U.S. dollar limited gains, as did lasting uncertainties about whether all OPEC producers would reduce output according to the agreement.
read more... 09/01/2017
Daily (06.01.2017): Oil settles higher as Saudi production cuts counterbalance U.S. products build
Oil prices rose on Thursday in an up-and-down session, boosted by news that Saudi Arabia had limited production to meet OPEC's pact after data have shown a significant rise in U.S. gasoline and distillate inventories.
read more... 06/01/2017
Egypt inked natural gas and oil exploration deal with Italy's Edison
Egypt's state-controlled Egypt Natural Gas Holding (EGAS) has inked a $86 million deal with Italy's Edison for natural gas and oil exploration in the Mediterranean, as stated by the Egyptian Petroleum Ministry on Thursday.
read more... 06/01/2017
Vattenfall plans to expand UK offshore wind farm
Swedish energy firm Vattenfall intends to expand its 300-megawatt Thanet offshore wind farm off the coast of Kent in southern England, as it stated, after abandoning the idea in 2010 because of grid constraints.
read more... 06/01/2017
Chevron restarts operation at Gorgon LNG train 1 after an outage of a month
Chevron Corp declared on Wednesday it has restarted production of liquefied natural gas (LNG) at one of its two units at the $54 billion Gorgon project, situated off Western Australia, after an outage of a bit more than a month.
read more... 06/01/2017