Oil prices extended losses on Wednesday, after an unexpected rise in U.S. crude stockpiles and a faster-than-awaited recovery of Saudi Arabia’s oil production. A rally in the dollar index, which moves inversely with oil, also put pressure on crude futures. As a result, WTI futures dropped by 1.4% to 56.49 USD/bbl, while Brent crude ended 1.1% lower at 62.39 USD/bbl.
read more... 26/09/2019
Danish renewable energy company Ørsted has secured volumes of liquefied natural gas through a deal with the UK-based BP.
read more... 25/09/2019
Russia’s oil and gas company, Rosneft and its Sakhalin-1 partners have decided to go ahead with their Far East LNG project.
read more... 06/09/2019
Russian independent gas producer Novatek said its Arctic LNG 1 subsidiary has won a 27-year exploration and production license in the Yamal region, paving the way for a new liquefied natural gas (LNG) project.
read more... 03/09/2019
Estonia's energy group Eesti Energia will import gas from Russia's largest private gas company Novatek via Lithuania's LNG terminal based in Klaipeda in September.
read more... 27/08/2019