Latest news
Daily: European spot electricity prices decrease sharply on firmer wind production
U.S. crude oil tumbled on Tuesday to settle below $40 a barrel for the first time since April as continuing concerns of crude and refined fuel oversupply and a decrease in U.S. equities counterbalanced an early boost from a weak dollar. U.S. West Texas Intermediate (WTI) crude ended down 55 cents, or 1.4 percent, at $39.51 a barrel, after earlier rallying to $40.91. Brent crude lost 34 cents, or 0.8 percent, to close at $41.80, after attaining a session high at $43.18.
read more... 03/08/2016
Argentina will stop LNG imports by 2021/22
The country’s decision follows its plans to increase domestic gas production by encouraging upstream activities in the nation, counting shale gas.
read more... 20/07/2016
Daily: Crude oil prices plunge at the lowest level in two-months on OPEC production rally
Crude oil prices plunged at their lowest level in two months on Monday after a study unveiled that crude oil output from the Organization of the Petroleum Exporting Countries has attained the highest level since August 2008 at 32.73 million barrels a day. West Texas Intermediate crude for August delivery lost 65 cents, or 1.4%, to settle at $44.76 a barrel on the New York Mercantile Exchange.The global benchmark Brent crude for September delivery declined 51 cents, or 1.1%, to end at $46.25 a barrel on the ICE Futures exchange in London.
read more... 12/07/2016
Iran to jointly build an oil hub with China
China and Iran have inked a deal to jointly develop an oil terminal on Qeshm Islandin the southern Persian Gulf, which will turn the island into an important hub for oil production and reserves.
read more... 17/06/2016
Russian firm brings more oil online in Iraq
Output from three new wells brought online at the Badra oil field add to the overall daily production from OPEC-member Iraq, as indicated by a Russian field operator.
read more... 10/06/2016