Latest news
Oil and gas sector anticipates an increase of the M&A by 50%
The global oil and gas industry anticipates mergers and acquisitions (M&A) to raise by 50% year-on-year.
read more... 31/05/2016
China's CNPC might think about increasing Rosneft stake
China National Petroleum Corporation (CNPC) could think about raising its stake in Russian state oil company Rosneft during a scheduled privatisation program, as stated by its chairman on Monday.
read more... 31/05/2016
Daily: European spot electricity prices ease on robust renewable production in Germany and France
Crude oil prices declined for a second consecutive day on Friday as some investors took profit on a hike to seven-month highs while others concerned about robust production with market hovering close to $50 a barrel. Brent crude eased 27 cents, or 0.5 percent, to settle at $49.32 a barrel. It climbed to $50.51 in the previous session, its highest level since early November. U.S. crude shed 15 cents, or 0.3 percent, to close at $49.33. It reached an October high of $50.21 on Thursday. On the week, Brent posted a 1 percent increase and U.S. crude about 3 percent, spurred by gains from earlier this week.
read more... 30/05/2016
Daily: Crude oil price curb gains after hitting $50 a barrel on oversupply worries
Crude oil prices touched $50 a barrel on Thursday for the first time in seven months, but curbed gains on the day as investors worried that the hike could spur output and add to the global oversupply. Brent rallied as high as $50.51, its highest level since early November, then retreated and closed down 15 cents at $49.59 a barrel. WTI eased 8 cents to settle at $49.48, after touching $50.21, its highest level since early October.
read more... 27/05/2016
Big oil companies to invest in green energy
Big oil companies are stepping up its investments in renewables and clean energy, being hit by declining oil prices and plunging profits.
read more... 26/05/2016