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Daily: Crude oil plunges 8% on Greek vote to reject austerity measures
Crude oil prices plunged by about 8 percent on Monday, registering the largest selloff since five months, as Greece’s vote to reject tough economic bailout conditions and China's stock market woes trigged a deepening spiral of losses. The slump was also encouraged by a potential nuclear deal in Iran, which could result in supply glut on oil market. U.S. crude closed at $52.53 a barrel, down $4.40 or 7.7 percent, from its settlement on Thursday and below the 100-day moving average, the biggest percentage drop in a day since early February. Brent crude crashed $3.78, or 6.3 percent, to settle at $56.54, also below the 100-day average.
read more... 07/07/2015
Egypt increases gas price paid to Italy’s Eni and Edison
Egypt has increased the prices it pays Eni and Edison for the natural gas they produce in the country, as stated on Sunday by an official with state-owned gas firm EGAS.
read more... 06/07/2015
Azeri SOCAR declares cannot export gas to Russia because of domestic demand
Azeri state energy firm SOCAR does not intend to recommence gas supplies to Russia this year due to increasing domestic demand, as stated by a senior SOCAR representative on Thursday.
read more... 05/06/2015
Daily: British gas prices diverge on supply glut, colder temperatures forecasts
Crude oil prices decreased by up to 3 percent for a second consecutive day on Wednesday as a strengthening dollar weighted on the market amid worries that U.S. crude supplies may have begun increasing again after three weeks of declines. Brent crude fell $1.66, or 2.6 percent, to settle at $62.06 a barrel. U.S. crude closed at $57.71, down 52 cents, or 1 percent.
read more... 28/05/2015
Venezuela and Russia’s Rosneft settle on oil, gas investment of $14 billion
Venezuela and Russia's major oil producer, Rosneft, have settled on approximately $14 billion in investment in the South American OPEC country's oil and gas sector, as stated by President Nicolas Maduro on Wednesday evening.
read more... 28/05/2015