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Gazprom set to regain its share in Lithuania’s gas market in 2017
In the last days of 2016, the biggest Lithuanian gas buyers inked contracts with Russian giant Gazprom which is expected to surpass Norway’s Statoil in terms of the bulk of the country’s gas needs for 2017.
read more... 04/01/2017
Daily (04.01.2017): Oil plunges 2% pressured by U.S. dollar rally
Crude oil prices declined over 2 percent on the first trading day of 2017, reversing the 18-month highs attained in early trade as the U.S. dollar surged to its highest level since 2002 and traders took profits.
read more... 04/01/2017
Daily (03.01.2017): Brent posts a 52% annual increase
Crude oil prices ended with modest losses in the final trading session of 2016 on Friday, but posted the largest annual gain since 2009 after the landmark deal reached by OPEC and several non-OPEC members to slash output.
read more... 03/01/2017
Rosneft and BP achieve dissolution of the refining joint venture Ruhr Oel GmbH in Germany
Russian oil giant Rosneft and its shareholder BP unveiled the completion of the deal to dissolve the refining and petrochemical Joint Venture Ruhr Oel GmbH (ROG) in Germany with effect from January 1, 2017.
read more... 30/12/2016
Daily (30.12.2016): Crude oil prices tumble after a surprise build in U.S. crude stockpiles
Crude oil futures tumbled on Thursday after an unexpected increase in U.S. crude stockpiles reversed gains in prices that drove contracts to their highest levels since July last year.
read more... 30/12/2016