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Daily (20.12.2018): WTI crude jumped by 4.2% on Wednesday, due to stronger demand and a strike on Libya’s oil field

Oil prices recovered on Wednesday, as demand for refined products strengthened. Consequently, Brent crude soared by 1.7% to $57.24 a barrel. Moreover, the strike on the Libya’s El-Sharara oilfield supported WTI crude, which traded 4.2% higher at $48.17 a barrel.

read more... 20/12/2018


Daily (12.12.2018): Carbon prices slumped by more than 3% on Tuesday

Oil prices rose slightly on Tuesday, due to weaker equity markets and worries about a possible U.S. government closure following Trump’s declaration related to the Mexican Border Wall. Brent crude edged 0.4% higher at $60.2 a barrel. Additionally, Libya's National Oil Company (NOC) stated that a force majeure situation occurred at the nation's major oilfield. WTI crude soared by 1.3% to $51.65 a barrel.

read more... 12/12/2018


Norske Shell completes $526m sale of stakes in NCS fields to OKEA

Royal Dutch Shell’s subsidiary Norske Shell has completed its previously announced NOK4.52bn ($526m) sale of its stakes in the Draugen and Gjøa fields located offshore Norway to OKEA.

read more... 04/12/2018


Romania's Romgaz to grow gas output by end-2018

Romanian natural gas producer Romgaz will increase its output by the end of the year on the back of stepped-up pumping in the Caragele field, the company said on Wednesday.

read more... 29/11/2018


NOVATEK discovers Nyakhartinskoye field

NOVATEK announced that its wholly owned subsidiary NOVATEK-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous sediments at the Nyakhartinskiy license area with a gas condensate mixture well flow rate of more than 300 thousand m3 per day.

read more... 20/11/2018