Crude oil prices ended down more than 2 percent on Friday on OPEC statement that October output hit another record, raising doubts if plans to curb production are achievable or enough to cut supply glut in the market. International Brent crude futures closed at $44.75 per barrel, down $1.09, or 2.4 percent. It had attained a low of $44.19, the lowest level since August. U.S. West Texas Intermediate (WTI) futures eased $1.25, or 2.8 percent, to settle at $43.41 per barrel, after recovering from a low of 43.04.
read more... 14/11/2016
U.S. oil major Chevron and its co-owner of the field, ConocoPhillips have started yesterday production on one of the oldest North Sea gas discoveries, at the Alder gas condensate field in the Central North Sea.
read more... 09/11/2016
French state-controlled utility EDF on Thursday reduced its 2016 nuclear power production for the second time this year after previously announcing that the restart of five nuclear reactors experiencing safety checks would be postponed until the end of December.
read more... 04/11/2016
Crude oil prices ended down more than 1 percent on Thursday as investors remained skeptical about whether OPEC will cap its production. U.S. crude lost 68 cents, or 1.5 percent, to settle at $44.66 per barrel. At one moment, oil had declined more than $1 a barrel and hit a session low of $44.37. Brent crude eased 51 cents, or 1.1 percent, to end at $46.35 a barrel. It reached a session low of 45.99.
read more... 04/11/2016
Crude oil prices declined 3 percent on Wednesday after a record weekly increase in U.S. crude inventories triggered investors’ concerns about a global oversupply, after analysts estimated higher monthly OPEC crude production. U.S. West Texas Intermediate (WTI) crude lost $1.33, or 2.9 percent, to settle at $45.34 a barrel. It broke the $45 support earlier, plunging to a five-week low of $44.96. Brent eased $1.28, or 2.7 percent, to close at $46.86, after falling to $46.46, its lowest since September 28.
read more... 03/11/2016