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Norwegian government would not give up its control in oil and gas firm Statoil
The Norwegian government said it will not cut its stake in oil and gas firm Statoil, as stated in parliament by oil and energy Minister Terje Soeviknes.
read more... 22/02/2017
Iran to ink oil deal to sell Russia 100,000 bpd
Iran is set to sign a deal to Moscow within the next 10 to 15 days to sell 100,000 barrels per day of oil to Russia, according to Iranian Minister of Petroleum Bijan Zangeneh.
read more... 22/02/2017
Daily (22.02.2017): Oil up about 1%, after hitting three-week highs
Crude oil prices settled about 1 percent higher on Tuesday on OPEC’s optimism for greater compliance over its deal with other producers, including Russia to reduce output to clear a glut that has weighed on markets since 2014.
read more... 22/02/2017
Saudi Arabia launches the first round of bidding for a new renewable energy tender
Saudi Arabia, the biggest oil exporter in the world, launched the first round of its 9.5GW National Renewable Energy Programme (NREP).
read more... 21/02/2017
Daily (21.02.2017): Oil prices rise in thin trade despite rising number of U.S. wells
Crude oil prices edged higher on Monday, as investors were optimistic about the effectiveness of producer cuts spurred record bets on a sustained rally. However, the gains were limited due to growing U.S. output and high volume of stockpiles.
read more... 21/02/2017