Oil prices surged on Friday, remaining on track for a fourth consecutive week of gains, bolstered by a drawdown in U.S. inventories and a pullback in production, combined with steady demand and the extension of OPEC’s global supply cut deal.
read more... 15/01/2018
Crude oil prices touched new multi-year peaks on Wednesday as OPEC-led output reductions and increased demand helped to balance the market, but analysts warned of a potential overheating.
read more... 11/01/2018
Oil rose above $68 a barrel to its highest since December 2014 on Thursday after conflicts in Iran raised concerns about supply risks, with support also coming from OPEC-led production cuts and demand-boosting cold weather in the US. Brent crude ended 23 cents, or 0.3%, at $68.07 a barrel. Meanwhile, U.S. crude increased 4 cents to $61.67 and also touched its highest since May 2015.
read more... 05/01/2018
Oil prices rose on Thursday, staying close to 2-1/2-year peaks after data indicated strong demand for crude imports in China and on increased U.S. refining activity that drew more crude from inventories.
read more... 29/12/2017
The U.K. consented to a demand from the operators directed to close the old Rough Natural Gas Storage unit. The facility is situated in the North Sea and is the biggest one in the British state.
read more... 15/12/2017