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Daily: Crude oil prices settle up on dollar depreciation
Crude oil prices recovered on Friday, with Brent snapping two consecutive weeks of losses and WTI crude boosting 4 percent following dollar depreciation on interest rate uncertainty. Oil prices also received support from Iran’s ambition to strike a nuclear deal with world powers. Brent price for front-month delivery rose by 89 cents, or 4 percent, to settle at $55.32 a barrel. It posted a 1.2 percent gain on the week. U.S. crude for April delivery increased by $1.76, or 1.6 percent, to close at $45.72. It gained 2 percent on the week.
read more... 23/03/2015
Egypt: 35 cargoes of LNG to be imported from Russia's Gazprom
Russia's Gazprom has signed an agreement to aid supply Egypt with its first liquefied natural gas (LNG) imports, as declared by the oil ministry on Tuesday, in a deal that could be estimated at approximately $1 billion at existing market prices.
read more... 19/03/2015
Daily: WTI crude hits 6-year low on higher inventories, Iran talks
Crude oil declined 2 percent on Monday, with U.S. crude striking six-year lows, on signs of stronger output in the United States and Libya and an eventual nuclear deal that could put an end to sanctions for Iran. Brent's expiring front-month contract eased $1.23 to settle at $53.44 a barrel, touching a six-week low of $52.50 earlier. WTI crude futures dropped 96 cents to close at $43.88. It had slipped nearly $2 earlier to a March 2009 low of $42.85.
read more... 17/03/2015
BP inks $12 billion energy agreement in Egypt
Oil firm BP has inked a deal to make an investment $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, as stated jointly by the company and the government on Saturday.
read more... 16/03/2015
Ineos and IGas settle UK shale gas agreement of £138 million
Swiss petrochemicals giant INEOS has made known a deal to purchase stakes in a number of shale gas licenses across the UK.
read more... 12/03/2015