An Italian oil and gas giant has launched production in the Gulf of Mexico, as it stated.
read more... 22/01/2015
Global oil prices pared a two-day loss and increased by about 2 percent on Wednesday on expectations that prices will rebound as energy companies slashed production investment to ease an oversupply that erased more than half crude’s value since June. Brent crude boosted $1.04 to settle at $49.03 a barrel, while WTI crude climbed $1.31 to close at $47.78 a barrel.
read more... 22/01/2015
Brent crude oil prices slipped below $49 a barrel and U.S. crude also declined more than $1 on Monday on pessimistic global economic outlook and as Iraqi oil production hit a record.
read more... 20/01/2015
Crude oil prices started to recover for the first week in eight after prices received a strong boost from a report by the International Energy Agency (IEA) saying that signs of weaker prices started to reduce production in some regions, including North America. WTI crude rose by 2.44$ 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
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