Latest news
India is negotiating with Russia natural gas swap with China
A unit of India's Oil and Natural Gas Corp Ltd (ONGC) is in discussion with Russia to swap natural gas with China and Myanmar as an alternative to building a proposed pipeline to carry gas from Russian Siberia, a senior official said on Wednesday.
read more... 08/12/2016
Daily: Oil retreats on downbeat U.S. inventory report, doubts over OPEC cut
Crude oil prices tumbled on Wednesday on pessimistic U.S. petroleum inventory figures and doubts that output curtailing envisaged by OPEC and Russia would be sufficient to put a cap on oversupply that has put pressure on oil market for more than two years. Brent futures eased 93 cents, or 1.7 percent, to settle at $53.00 a barrel, while U.S. crude fell by $1.16, or 2.3 percent, to close at $49.77.
read more... 08/12/2016
Statoil has been awarded licences in Mexico’s deepwater round
Statoil has been awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1.
read more... 07/12/2016
Daily: Electricity curve prices in Europe decline on French nuclear restart, higher wind, thermal output in Germany
Crude oil prices settled lower on Tuesday for the first time since OPEC agreed on November 30 to curb output, as data showed record output in producer group fed skepticism that it would be able to curtail supplies. Brent futures shed $1.01 to settle at $53.93 a barrel, while U.S. West Texas Intermediate (WTI) crude futures eased 86 cents to end at $50.93 per barrel. Crude had soared over 15 percent in the four sessions since the November 30 OPEC meeting.
read more... 07/12/2016
Daily: Crude oil slightly up, but pares gains as OPEC euphoria fades
Crude oil prices rose modestly on Monday, as the OPEC euphoria started to fade. The market lost confidence that OPEC cuts would be sufficient to limit oversupply given increased U.S. drilling activity. U.S. West Texas Intermediate crude jumped early in the day and began to pare gains in the late afternoon, ending at $51.79 a barrel, up 11 cents or 0.21 percent, before retreating to as low as $51.11 a barrel. Brent crude closed at $54.94 a barrel, up 48 cents - or 0.88 percent - before retreating to $54.22 a barrel.
read more... 06/12/2016