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Daily: Crude oil plunges 2% to the three-week low on higher increase in U.S. inventories
Crude oil prices plunged by about 2% to hit three-week lows on Wednesday as the U.S. government unveiled a larger than expected increase in crude inventories, although important declines in gasoline and distillates prevented a more abrupt slide in crude futures. WTI crude slipped $1.09, or 2.4 percent, to settle at $45.20 a barrel. It touched a three-week low of $44.86 earlier. Global oil benchmark Brent closed down 86 cents, or 1.8 percent, at $47.85 a barrel, after registering an early October low of $47.50.
read more... 22/10/2015
BP inks a gas supply agreement of $10 billion with China's Huadian
Oil major BP has inked a $10 billion liquefied natural gas (LNG) supply agreement with China's Huadian electricity producer, signing the deal as part of Chinese President Xi Jinping's state visit to Britain.
read more... 22/10/2015
The World’s 10 Biggest Oil and Gas Companies
The top 10 oil and gas companies produce over 54 million barrels per day.
read more... 21/10/2015
UK: gas-fired power plant of 735MW will re-open
A gas-fired power station with a capacity of 735MW is likely to re-open in North Lincolnshire.
read more... 21/10/2015
Polish and Ukrainian transmission system operators achieve feasibility study for gas link
The Polish and Ukrainian transmission system operators (TSO) – Gaz-System and Ukrtransgaz - have accomplished the feasibility study for the interconnection integrating transmission systems of both countries.
read more... 20/10/2015