Latest news
Iran to ink oil deal to sell Russia 100,000 bpd
Iran is set to sign a deal to Moscow within the next 10 to 15 days to sell 100,000 barrels per day of oil to Russia, according to Iranian Minister of Petroleum Bijan Zangeneh.
read more... 22/02/2017
Daily (22.02.2017): Oil up about 1%, after hitting three-week highs
Crude oil prices settled about 1 percent higher on Tuesday on OPEC’s optimism for greater compliance over its deal with other producers, including Russia to reduce output to clear a glut that has weighed on markets since 2014.
read more... 22/02/2017
Daily (21.02.2017): Oil prices rise in thin trade despite rising number of U.S. wells
Crude oil prices edged higher on Monday, as investors were optimistic about the effectiveness of producer cuts spurred record bets on a sustained rally. However, the gains were limited due to growing U.S. output and high volume of stockpiles.
read more... 21/02/2017
Daily (20.02.2017): Brent crude posts a 1.6 % weekly loss in a cautious market
Crude oil prices barely changed on Friday, caught between larger-than-anticipated U.S. crude inventories and reports that OPEC members may opt to extend by six-month an agreement to cut production.
read more... 20/02/2017
Investors request G20 to stop fossil fuel subsidies
A group of investors have requested the G20 to stop fossil fuel subsidies by 2020. The businesses, which are estimated at a total of $2.8 trillion (£2.25tn) and comprise insurance companies Aviva, KBI and Legal and General, declared the backing for production and consumption of fossil fuels is a significant concern to the finance sector.
read more... 16/02/2017