Latest news
Poland's PGNiG will start gas production in Pakistan
Polish gas firm PGNiG will start gas production in December at its concession in Pakistan, as it declared on Tuesday.
read more... 25/11/2015
Poland's PGNiG envisages Iran's oil and gas market
Poland's state-run gas distributor PGNiG is looking at different possibilities in oil and gas exploration and production in Iran once sanctions on the country are lifted, as stated by PGNiG's CEO.
read more... 24/11/2015
Daily: British gas prices evolve differently as strong imports offset weaker domestic production
Crude oil futures lost more than 2 percent on Tuesday, continuing their decline after a one-day pause, as U.S. stockpiles boosted for an eight consecutive week. U.S. WTI futures fell $1.07, or 2.6 percent, to settle at $40.67 a barrel. Brent crude futures eased 99 cents, or 2.2 percent, to close at $43.57 a barrel.
read more... 18/11/2015
Record level of oil stockpiles at 3 billion barrels
Oil stockpiles have rocketed to a record level this year at around 3 billion barrels— the equivalent to more than a month’s supply of global oil consumption amid a robust production in OPEC and elsewhere, according to the International Energy Agency (IEA).
read more... 16/11/2015
Daily: Crude oil prices rebound by 4% on production disruption concerns in Brazil, Libya
Crude oil prices rebounded by about 4 percent on Tuesday as a hike in U.S. gasoline and diesel after a disruption on a key pipeline system added further support to oil markets already buoyed by an industry strike in Brazil and force majeure for Libyan crude loadings. Brent crude edged $1.75 higher, or 3.6 percent, to settle at $50.54 a barrel, after hitting a peak of $50.91 during the session. U.S. crude boosted $1.76, or 3.8 percent, to close at $47.90. The session's peak was $48.36.
read more... 04/11/2015