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Italy: Eni declares Egypt Nooros gas field producing 900mln cubic feet per day
Italian oil major Eni declared its Egypt Nooros field is a producing approximately 900 million cubic feet of gas per day and will top 1 billion cubic feet per day in the first quarter of 2017, as mentioned by Egypt's state news agency MENA.
read more... 23/11/2016
Daily: Crude oil closes near flat as OPEC is likely to keep the market guessing to the last minute
Crude oil prices were flat on Tuesday in volatile trade after a report stating that OPEC officials will wait until November 30 to debate a proposal to cut member output. Brent futures rose by 22 cents, or 0.45 percent, to settle at $49.12 a barrel, its highest close since the end of October, while WTI lost 21 cents, or 0.44 percent, to end at $48.03.
read more... 23/11/2016
Daily: Crude oil prices hit the highest level in three-weeks ahead of OPEC meeting
Crude oil prices soared 4 percent to hit a three-week high on Monday, spurred by growing hopes that major oil producing countries would agree next to curb output. Brent crude futures closed at $48.90 a barrel, up $2.04, or 4.4 percent, after having briefly touched $49 a barrel during the session. U.S. West Texas Intermediate (WTI) rose 4 percent to end at $47.49 a barrel, up $1.80, after hiking as high as $47.80.
read more... 22/11/2016
Daily: Oil contracts up 5% for the week on OPEC revived hopes
Crude oil price ended higher on Friday, closing out a bullish week for crude oil, spurred by growing expectations that OPEC will find a solution to limit production at the end of the month. Brent crude rose by 37 cents, or 0.8 percent, to settle at $46.86 per barrel, posting its first weekly increase in five weeks. U.S. West Texas Intermediate crude climbed 27 cents, or 0.6 percent, for the day, to close at $45.69 a barrel. It posted its first weekly increase in four weeks. For the week, Brent and U.S. crude both rose roughly 5 percent.
read more... 21/11/2016
Daily: Oil tumbles as stronger dollar overshadows OPEC deal hopes
Crude oil prices closed slightly lower on Thursday, then tumbled as much as 1 percent after-trade-market session as a robust dollar overshadowed expectations of an OPEC deal to curb production. Brent crude lost 14 cents or 0.3 percent to end at $46.49 a barrel , before slipping further to $46.12. U.S. West Texas Intermediate crude shed 15 cents or 0.33 percent to settle at $45.42. It dropped in post-settlement by 56 cents, or 1.2 percent, to $45,01.
read more... 18/11/2016