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Daily: German forward power contract at a new 12-year low after Fed decision
Crude oil prices fell on Friday, with WTI losing 5%, after a selloff in Wall Street equities counterbalanced the optimistic impact of a third weekly decline in the U.S. oil rig count. The dollar appreciation worries that OPEC oil production will not be slashed and reduced political tensions in the Middle East from U.S.-Russia negotiations on Syria also weighed on oil. U.S. crude futures for front-month delivery settled down $2.22, or 4.8 percent, at $44.68 a barrel. The front-month in Brent decreased by $1.61, or 3.3 percent, to settle at $47.47.
read more... 21/09/2015
Russia to ramp up oil output in 2015
Russia, the biggest oil producer in the world, is expected to ramp up its oil production by 1 percent this year, declared Energy Minister Alexander Novak on Wednesday.
read more... 09/09/2015
Russia and Argentina seal deal for gas exploration
Russia’s energy giant Gazprom and Argentina’s state-controlled oil company YPF have sealed an agreement for exploration of gas reserves in Argentina in an effort to boost local production and to cut back on energy imports.
read more... 08/09/2015
Daily: Crude oil prices decline over 3 % amid supply glut, weak equities in China
Crude oil futures lost more than 3 percent on Monday, dragged down by weaker equities in China and robust North Sea crude production data that added to global supply glut worries. Brent crude for October delivery declined by $1.98 to close at $47.76 a barrel, down 3.73 percent. U.S. crude slipped $1.80 to trade at $44.25 per barrel by 2:48PM EST (1848 GMT), with trading volume of around 75,000 lots less than one-quarter the norm due to the U.S. Labor Day holiday.
read more... 08/09/2015
Statoil launches first production at Smorbukk South Extension project
Norwegian energy giant has commenced production from Smorbukk South Extension project, two and a half years after project sanction, being considered infeasible and unprofitable initially due to permeability.
read more... 07/09/2015