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Daily: UK gas prices gain on forecast for colder weather
Oil prices hit one-month lows on Monday after falling around 3 percent on uncertainties about OPEC's ability to implement its planned output reductions, with the market further influenced by expectations that the cartel had record production in October.
read more... 01/11/2016
Total has made an oil discovery in the Black Sea offshore Bulgaria
French oil company Total has announced it has made an oil discovery in the Khan Asparuh license, situated in the Black Sea offshore Bulgaria. The volumes of oil have not yet been made public.
read more... 31/10/2016
Daily: Oil drops by 2% to settle at $48.70 on Friday, the biggest weekly loss since mid-September
Oil
Oil prices reduced on Friday on uncertainties about OPEC's planned production cut. Experts of Organization of the Petroleum Exporting Countries and counterparts from non-member producers such as Russia initiated two-day negotiations on Friday on curbing output to reduce a global glut that has influenced the markets for two years.
read more... 31/10/2016
Daily: Oil prices boosted on OPEC cut commitments, draw of U.S. crude at Cushing
Oil rose on Thursday, encouraged by a reported decline in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as promises from Gulf OPEC members moderated lingering uncertainties in the market about support from other producers.
read more... 28/10/2016
Daily: US crude drops by 1.6% to settle at $49.18; OPEC agreement doubt counterbalances US stockpile draw
Oil prices declined by approximately 2 percent on Wednesday on increasing doubts that OPEC will reduce output, giving back the gains they recuperated after the U.S. government announced an unexpected drawdown in crude inventories.
read more... 27/10/2016