Latest news
Russian firm brings more oil online in Iraq
Output from three new wells brought online at the Badra oil field add to the overall daily production from OPEC-member Iraq, as indicated by a Russian field operator.
read more... 10/06/2016
Daily: British spot gas prices jump on weaker imports from Norway
Crude oil prices ended down on Thursday, reversing a three-day hike after touching another 2016 high, as a stronger dollar triggered profit-taking in crude futures by investors. However, persistent worries about supply disruption in Nigeria limited losses. Brent crude oil futures closed down 56 cents at $51.95 a barrel, after declining nearly $1 earlier. It attained a 2016 high of $52.86 during the session. U.S. crude's WTI futures eased 67 cents to settle at $50.56, after falling $1 at the session low. WTI's intraday peak was $51.67, the highest level for this year.
read more... 10/06/2016
Shell restarts Iranian oil acquisitions
Royal Dutch Shell has restarted acquisitions of Iranian crude, turning into the second major oil firm after Total to resume trade with Tehran after the lifting of sanctions, according to trading sources and ship tracking data.
read more... 09/06/2016
Daily: European spot electricity prices firm, while forwards decline tracking weaker coal
Crude oil futures boosted on Wednesday, attaining 2016 highs above $50 a barrel and closing up for a third consecutive day on worries about sabotage oil facilities in Nigeria, although an increase in U.S. gasoline inventories amid peak summer demand could drag down prices. Brent crude rose by $1.07 to end at $52.51 a barrel. It prolonged gains in post-settlement trade, hitting $52.60 a barrel by 3:55 p.m. EDT (1955 GMT), and the highest level since October. WTI crude futures climbed 87 cents, or 1.7 percent, to close at $51.23 a barrel. The session peak was $51.34, the highest level since July.
read more... 09/06/2016
More than three in ten UK oil and gas firms plan further redundancies, survey shows
More than four in 10 of the UK’s oil and gas companies are envisaging cutting costs further amid the downturn in the industry, according to a new survey from the Bank of Scotland and Lloyds Bank Group.
read more... 08/06/2016