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Daily (30.06.2017): Oil prices jumped to a two-week high on Thursday
Oil prices jumped to a two-week high on Thursday, extending a rally into a sixth consecutive session. U.S. government data showed on Wednesday that domestic crude production had the steepest weekly fall since July 2016. Some analysts and traders believe the decline was caused by temporary factors such as production shutdowns in the Gulf of Mexico due to Tropical Storm Cindy and maintenance in Alaska.
read more... 30/06/2017
Shell and Exxon would appeal against lowering Groningen gas production cap
A joint venture between Royal Dutch Shell and Exxon Mobil, known as NAM, would appeal against 10% reduction of natural gas production cap at the Groningen field, imposed by the Dutch government, NAM director Gerald Schotman declared on Wednesday.
read more... 30/06/2017
South Korea's KEPCO in negotiations for stake in UK nuclear project
Korea Electric Power Corp (KEPCO) is in discussions to acquire a stake in Toshiba's NuGen nuclear project in Britain, as stated by a KEPCO executive on Wednesday, a move that could throw the troubled project a life-line but also postpone its start.
read more... 29/06/2017
Daily (29.06.2017): Energy prices had an upward evolution on Wednesday, EUAs constant
Oil rose above the $47 a barrel on Wednesday due to the biggest decline in weekly U.S. output since July 2016. There was additional support from lower U.S. gasoline inventories.
read more... 29/06/2017
Repsol Sinopec launches gas output at North Sea Cayley field
Repsol Sinopec declared on Wednesday it had launched gas production from a new field in the North Sea in a boost to the developing basin just days after EnQuest brought a new oil field online.
read more... 29/06/2017