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Daily: Crude oil prices started to recover after seven weeks of losses on IEA reports
Crude oil prices started to recover for the first week in eight after prices received a strong boost from a report by the International Energy Agency (IEA) saying that signs of weaker prices started to reduce production in some regions, including North America. WTI crude rose by 2.44$ to close at 48.69$ a barrel, while Brent futures for March delivery boosted by 1.90$ to settle at $50.17.
read more... 19/01/2015
Ukraine coal production drops by 22% in 2014, Eastern conflict
Ukrainian coal output dropped by 22 percent in 2014 to 65 million tonnes after the pro-Russian separatist disagreements interrupted mining operations in the country's eastern industrial centre, as stated by deputy energy minister Yuri Zukov on Friday.
read more... 12/01/2015
Statoil launched its Valemon offshore oil and gas field
Norwegian oil and gas firm Statoil announced that the Valemon gas and condensate field in the North Sea started production on January 3.
read more... 06/01/2015
UK: BP confirms oil production from Kinnoull field in Central North Sea
UK’s oil major BP unveiled the start of oil production from Kinnoull field in the central North Sea, marking BP’s seventh and final major upstream project start-up in 2014.
read more... 05/01/2015
Daily: Crude oil prices fell amid stronger dollar, supply glut in U.S.
Crude oil prices eased on Friday as the dollar redressed and as an oversupply in the United States overtook worries about declining production from Libya.
read more... 29/12/2014