Latest news
Denmark's main natural gas field is set to cease production by 2018
Maersk Oil, a subsidiary of Danish shipping and oil company A.P. Moller-Maersk, confirmed last week that it intends to stop production at its Tyra gas field by October 2018, as it would no longer be economically viable.
read more... 09/01/2017
Daily (09.01.2017): US crude increased slightly to settle at $53.99, as traders parse signs OPEC is reducing production
Oil traded higher on Friday since investors acquired futures before the weekend, but a strong U.S. dollar limited gains, as did lasting uncertainties about whether all OPEC producers would reduce output according to the agreement.
read more... 09/01/2017
Daily (06.01.2017): Oil settles higher as Saudi production cuts counterbalance U.S. products build
Oil prices rose on Thursday in an up-and-down session, boosted by news that Saudi Arabia had limited production to meet OPEC's pact after data have shown a significant rise in U.S. gasoline and distillate inventories.
read more... 06/01/2017
Chevron restarts operation at Gorgon LNG train 1 after an outage of a month
Chevron Corp declared on Wednesday it has restarted production of liquefied natural gas (LNG) at one of its two units at the $54 billion Gorgon project, situated off Western Australia, after an outage of a bit more than a month.
read more... 06/01/2017
Daily (28.12.2016): Oil prolongs longest run of gains since August before Opec reductions
Oil prolonged the longest winning streak in more than four months before Opec and other producing nations begin cutting production to stabilise the market.
read more... 28/12/2016