Oil prices fell over 2 percent on Friday, marking the biggest weekly drop in over a month on rising proof that U.S. production and inventory growth were counterbalancing OPEC's efforts to limit the global crude glut. Brent futures settled down $1.03, or 2%, at $51.96 a barrel. U.S. crude futures ended the session down 2.2 %, or $1.09 at $49.62 a barrel.
read more... 24/04/2017
Oil prices slightly changed on Thursday in an oscillating trading session, as investors weighed rising U.S. output against comments from most important Gulf oil producers that an extension to OPEC-led supply cuts was likely. Total sold Glencore a cargo for loading at a discount of $1.00 a barrel.
read more... 21/04/2017
Oil prices fell on Wednesday as a cut in Saudi crude exports was denied by Saudi refiners, having processed more crude oil that potentially could enter the market.
read more... 20/04/2017
French utility Engie will reduce consumer gas prices in France by 3.3 percent starting from May 1, as reported by Le Figaro.
read more... 20/04/2017
Oil prices hit their lowest value of the last week on Tuesday on news that in May U.S. shale oil output is expected to have the biggest monthly increase in more than two years, fueling concerns that U.S. production growth is undermining efforts to cut oversupply.
read more... 19/04/2017