Latest news
Hungarian oil and gas major firm puts up on sale UK North Sea assets
Hungarian oil giant MOL declared about its intentions to sell its assets off the UK causing continuous tensed events in the North Sea. This comes after four years the company entered the area.
read more... 07/12/2017
(07.12.2017): Weekly Energy Market Review at a Glance
Here's a quick snapshot of the main energy indicators in the last 7 days.
read more... 07/12/2017
Daily (07.12.2017): WTI crude futures dipped by 2.9% on higher U.S. inventories of refined products
Oil prices slumped on Wednesday after an unexpected increase in U.S. inventories of refined products that suggested demand might be weakening. Brent crude futures were down $1.64, or 2.6%, at $61.22 a barrel, after reaching a session peak of $62.93. Meanwhile U.S. crude futures dropped $1.66, or 2.9%, to close at $55.96.
read more... 07/12/2017
China finds huge 1-billion-ton oil reserve in Xinjiang
A new oil field with around 1 billion ton of petroleum was discovered in China's Xinjiang Uighur Autonomous Region.
read more... 06/12/2017
Business alliance inks hydro deal and announces green energy target
A business alliance inked a hydropower agreement as part of its new objective to produce 1GW of renewable electricity by 2020.
read more... 06/12/2017