Crude oil prices rallied on Thursday after a violent wildfire near Canada’s oil sands region slashed output to the United States. Crude oil futures rose 5 percent before paring gains. Their decrease came as the dollar increased 0.6 percent, its most in three weeks. Brent futures advanced 39 cents, or 0.9 percent, to close at $45.01 a barrel. U.S. crude's West Texas Intermediate (WTI) futures boosted 54 cents, or 1.2 percent, to close at $44.32.
read more... 06/05/2016
Russia's gas major company Gazprom will decide on the size of its dividend payout by May 19, as stated by a source on Wednesday.
read more... 05/05/2016
Energy giant Royal Dutch Shell said it will cut its 2016 spending by another 10%, as lower oil prices continue to hit its business.
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A larger-than-expected increase in U.S. crude stockpiles dragged oil markets down on Wednesday after an early hike over worries about output reductions in Canada’s oil sands region following a conflagration. U.S. crude futures close at $43.78 a barrel, up 13 cents or 0.30 percent, while Brent crude fell 35 cents or 0.78 percent, to settle at $44.62 a barrel.
read more... 05/05/2016
Greece's state natural gas firm DEPA has obtained nine expressions of interest to convey gas within a Greek-Bulgarian natural gas pipeline scheme, it declared on Wednesday.
read more... 05/05/2016