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Daily: Crude oil prices started to recover after seven weeks of losses on IEA reports
Crude oil prices started to recover for the first week in eight after prices received a strong boost from a report by the International Energy Agency (IEA) saying that signs of weaker prices started to reduce production in some regions, including North America. WTI crude rose by 2.44$ to close at 48.69$ a barrel, while Brent futures for March delivery boosted by 1.90$ to settle at $50.17.
read more... 19/01/2015
Environment Agency gives Cuadrilla the green light to explore in northwest England
Shale gas firm Cuadrilla Resources received permits from Britain's Environment Agency to perform exploration at a four-well site at Preston New Road, Lancashire, in northwest England, which could lead to hydraulic fracturing in the area.
read more... 19/01/2015
Russia has drastically cut off gas deliveries to six EU countries
Russian President Vladimir Putin has ordered last week to the energy giant Gazprom to cut off supplies to and through Ukraine in the middle of winter, amid accusations that Ukraine had illegally siphoned off and stolen Russian gas.
read more... 19/01/2015
Eni to seize two more oil and gas fields in Egypt
Italian energy giant Eni inked two concession agreements for the North Leil and Karawan blocks offshore Egypt, as a result of the EGAS 2013 bid round.
read more... 16/01/2015
Daily: WTI crude reverses previous gains to end down 4.6%
Crude oil prices dropped on Thursday dragged down by an erratic dollar and OPEC’s forecasts for a weakening demand to 28.78 million barrels per day in 2015, down 140,000 bpd from its previous expectation.
read more... 16/01/2015