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Daily: Crude oil settles down 2 percent as large U.S. inventories built compensates gasoline draw
Crude oil declined about 2 percent on Wednesday after the second-largest weekly draw in U.S. gasoline this summer was offset by an unseasonal increase in crude inventories. Brent crude futures fell 93 cents, or 2 percent, to settle at $44.05. U.S. West Texas Intermediate (WTI) crude futures eased $1.06, or 2.5 percent, to end at $41.71 per barrel.
read more... 11/08/2016
Daily: British forward contracts firm as pound plunged to one-month low
Crude oil prices declined on Tuesday, dragged down by concerns about worldwide petroleum oversupply, offsetting forecasts for a weekly decline in U.S. crude stockpiles, weighing on energy shares and capping gains on Wall Street. Brent crude ended down 41 cents, or almost 1 percent, at $44.98 a barrel. U.S. West Texas Intermediate crude lost 25 cents, or 0.6 percent, to close at $42.77.
read more... 10/08/2016
UK set to be the second on offshore oil and gas projects by 2025
The UK is likely to be the second on offshore oil and gas projects by 2025, according to a report by GlobalData, which declared that a total of 29 new developments are projected to begin operating by the same period.
read more... 09/08/2016
Daily: British spot gas prices up, spurred by outages, firmer oil prices
Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016
PGNiG will supply to Ukrainian industrial market
Polish state-run oil and gas conglomerate PGNiG declared on August 4 it had started supplying to ERU Trading, the biggest privately-owned energy trader in Ukraine and a unit of Energy Resources of Ukraine. Deliveries will go to provide natural gas to Ukrainian industrial users.
read more... 08/08/2016