Latest news
Russia keeps the world oil leading position in January
Russia maintained the leading position as the world biggest oil producer in January - for a second month in a row, as stated by official data.
read more... 22/03/2017
Daily (22.03.2017): German spot rose 23% as wind power production declined
Crude oil prices declined on Tuesday, with U.S. crude reaching its lowest level since November 2016, as worries about new supplies overshadowed the latest OPEC deal to extend production cuts beyond June 2017.
read more... 22/03/2017
Daily (21.03.2017): European spot power prices skyrocket over 50% on stronger demand, tight supply
Crude oil prices lost ground on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to be worried about increasing U.S. oil output and high inventories.
read more... 21/03/2017
Mediterranean's Levant Basin to be explored by Total, Eni, Exxon Mobil and Qatar Petroleum
France's Total, Italy's Eni, Exxon Mobil and Qatar Petroleum received the green light from Cyprus's lawmakers to explore for oil and gas the offshore areas south of the island.
read more... 20/03/2017
France's Total interested in $4 bln Iranian gas project
France-based oil and gas company Total is eyeing a 50% stake in the $4 billion project in Iran's giant South Pars gas field.
read more... 20/03/2017