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Lundin Petroleum makes more oil, gas discoveries in Barents Sea
Swedish energy company Lundin Petroleum said on Tuesday it discovered more oil and gas reserves at an existing field in the Norwegian Barents Sea.
read more... 23/11/2016
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