Latest news
Turkey’s STAR refinery to process Russian oil
Azerbaijan’s state oil company SOCAR and Russia’s Rosneft company signed a contract on the supply of Russian oil to Turkey’s STAR oil refinery, owned by SOCAR.
read more... 03/09/2018
Daily (03.09.2018): NBP spot price plummeted by 3.5%, due to an oversupplied system
Friday saw a bearish evolution in oil prices, as a sudden hike in stock and a continued trade war cast a pessimistic economic outlook over the fuel demand. Brent Crude price dropped by 0.5% to close at $77.42 a barrel, resulting in a 1.4% increase for the week. Meanwhile, WTI crude price gained 0.2% at $69.80 a barrel, due to a decline in Venezuela’s outputs.
read more... 03/09/2018
Daily (31.08.2018): Europe power contracts on the curve gained due to higher prices for oil and gas.
Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel. Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel. Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel.
read more... 31/08/2018
Daily (30.08.2018): Brent crude surged by 1.6% to $77.14 a barrel on Wednesday, due to less shipments from Iran
Oil crude futures rose on Wednesday, following a dramatic drop in U.S. inventories and due to a decline in shipments from Iran. Brent crude gained 1.6% to settle at $77.14 a barrel.
read more... 30/08/2018
NOVATEK: 4 Million cumulative tons of LNG shipped from Yamal LNG
NOVATEK today announced the project has shipped 4 million tons of cumulative LNG.
read more... 30/08/2018