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Daily (26.12.2016): U.S. WTI crude hits the highest level in 17 months
Crude oil prices were little changed on Friday in a calm trade ahead of the Christmas and New Year holiday week. However, the crude oil contracts posted small gains, as the market strived to observe how OPEC manages its planned output cuts with Libya expecting to boost production. Brent futures rose by 11 cents, or 0.2 percent, to settle at $55.16 a barrel, while U.S. West Texas Intermediate (WTI) crude added seven cents, or 0.1 percent, to end at $53.02, its highest close since July 2015.
read more... 26/12/2016
Daily: Crude oil tumbles on U.S stockpiles build, increased output from Libya
Crude oil futures tumbled on Wednesday after Libya said it will increase production over the next few months and after the release of a report showing an unexpected build in U.S. crude stockpiles last week. Brent futures for February delivery eased 89 cents, or 1.6 percent, to close at $54.46 a barrel, while U.S. West Texas Intermediate crude for February declined 81 cents, or 1.5 percent, to end at $52.49 per barrel.
read more... 22/12/2016
Daily: Oil prices up, but below session highs on Libya’s pipeline restarts
Crude oil prices boosted on Tuesday but closed below session highs after Libya unveiled the restarts of pipelines after a two-year blockade that ended earlier this month. Benchmark Brent crude for February delivery rose by 43 cents, or 0.8 percent, to settle at $55.35 a barrel after touching an intraday high of $55.92. U.S. crude futures a gained 1.46 percent to $52.88 a barrel. Libya expects to add 270,000 barrels a day in state production in the next three months.
read more... 21/12/2016
Daily: Oil prices near flat in calm trade ahead of Christmas
Crude oil prices did not change significantly on Monday in quite traded ahead of Christmas as the market waited to observe whether U.S. shale gas production would increase enough to offset projected output cuts by OPEC, Russia and other producers in 2017. Brent futures for February delivery fell 29 cents or 0.5 percent, to settle at $54.92 a barrel, while U.S. West Texas Intermediate crude for January gained 22 cents, or 0.4 percent, to close at $52.12 per barrel.
read more... 20/12/2016
Engie welcomes first gas delivery at Cygnus field in the North Sea
ENGIE E&P UK (formerly GDF Suez E&P) had started production from the giant Cygnus southern North Sea gas development.
read more... 15/12/2016