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Daily: Crude oil prices recover, with WTI up 6%
Crude oil prices recovered on Wednesday, with WTI crude increasing more than 6% as the government unveiled a stockpile hike that reversed pessimistic market expectations and after the Federal Reserve's announcement that it would leave interest rates near zero. U.S. crude rose by $2.74 to close at $45.94 a barrel, hitting a session high at $46.01. Brent crude jumped $2.24 to settle at $49.05. U.S. crude's hike of 6% was the biggest in two months. Brent's 5 % increase was the biggest in three weeks.
read more... 29/10/2015
INEOS acquires more North Sea gas assets
INEOS has purchased a 25% share in a gas field in the North Sea. The new agreement raises the petrochemical giant’s possession in the Clipper South Gas Field to 75%.
read more... 29/10/2015
Snam considers new investments in gas transmission, distribution and storage at 5.1 billion euros
Snam, Italian gas Pipeline Company, is envisaging new investments in transport, distribution and storage, injecting 5.1 billion euro into Italy in the 2015-2018 period, while collaborating with Fluxys to expand the value of its overseas assets.
read more... 28/10/2015
Statoil to defer commencement date for North Sea Mariner Project to 2018 as oil price slumps
Statoil, the Norwegian oil giant, has delayed the start date for the largest project in the UK North Sea for more than a decade, as the region is harshly affected by a plunge in crude oil prices since summer of 2014 and forced the world’s biggest companies to sharp spending cuts.
read more... 28/10/2015
Daily: Crude oil plunges for a third straight session to hit multi-weeks low on lingering oversupply
Crude oil prices plunged for a third consecutive session to hit multi-week lows on Tuesday on lingering global supply glut ahead of data expected to indicate another build in U.S. crude stockpiles. Brent crude for December delivery shed 73 cents to settle at $46.81 a barrel. The settlement and the $46.41 session low were the weakest level since September 15. WTI crude for December slipped 78 cents to close at $43.20, the lowest settlement since August 27.
read more... 28/10/2015