The Dutch government decided on Friday to slash the volume of natural gas extracted from Groningen province again next year, following a recent Council of State ruling.
read more... 21/12/2015
Brent crude futures ended lower on Tuesday on expectations that OPEC will not reduce output, continuing to pumping crude at record levels to defend market share against non-member oil producers such as the United States and Russia. Brent crude declined 17 cents, or 0.4 percent, to settle at $44.44 a barrel. U.S. crude's WTI futures boosted 20 cents to close at $41.85.
read more... 02/12/2015
Crude oil declined on Monday, reversing a previous hike following the release of a survey which estimated higher OPEC production in November, while a stronger dollar dragged down the demand for commodities denominated in the currency. Brent crude futures eased 25 cents, or 0.6 percent, to settle at $44.61 a barrel. WTI futures fell 6 cents to close at $41.65, down from a session high at $42.61.
read more... 01/12/2015
Russia has set a new post-Soviet record in terms of oil production reaching something like 10.7 million barrels per day in October, or more than 530 million tons. Meanwhile, Saudi Arabia’s oil production arrived at 10.1 million barrels per day in the same period.
read more... 03/11/2015
Crude oil prices declined on Monday after pessimistic Chinese factory data intensified worries about energy demand in the No.2 economy, while record high Russian crude output helped to ease the global supply glut. Brent crude declined by 77 cents, or 1.6 percent, to settle at $48.79 a barrel. U.S. crude futures slipped 45 cents, or 1 percent, to close at $46.14.
read more... 03/11/2015