Latest news
Russia: Oil production was cut more than required in OPEC agreement
Russia’s Energy Ministry announced on Wednesday that the country’s oil production was 300,790 barrels per day (bpd) on the 1st of May, which is below the level registered in October and far less than requested under the OPEC agreement.
read more... 05/05/2017
Brexit might almost double oil and gas trade costs
The trade body for the UK oil and gas industry is exhorting Prime Minister Theresa May to find solutions so as to minimize any Brexit fallouts, after a recent report showed that the cost of oil trading after the UK’s exit from Europe might double to approximately £1.1bn per year.
read more... 04/05/2017
Australia on its way to meet renewables target by 2020
Australia is more likely to reach its 2020 renewable energy target, due to unprecedented investment in wind and solar power, according to the Clean Energy Regulator.
read more... 04/05/2017
Daily (04.05.2017): Oil prices rose as US stockpiles fell less than expected
Oil prices slightly rose on Wednesday as EIA announced that weekly crude stocks reduced less than half of the forecasted value.
read more... 04/05/2017
Daily (03.05.2017): Oil and EU carbon prices at the lowest 2017 levels
Oil prices slightly fell on Tuesday on reports of rising oil production in the US, Canada, and Libya as well as weaker compliance of OPEC members with the deal to cut production during the first half of this year.
read more... 03/05/2017