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Daily (11.02.2020): Oil prices at their lowest levels in 13 months on Monday as OPEC hesitates to cut more output
Oil futures collapsed to their lowest levels in more than a year on Monday amid signs that OPEC and its allies are unlikely to convoke an emergency meeting to cut additional production of black gold.
read more... 11/02/2020
Daily (31.01.2020): A continuous strong decline in British gas prices due to warm weather, low demand and weaker oil markets
Crude oil prices had the worst performance in three months on Thursday, as investors continued to worry about a sluggish demand for oil following the continued spread of coronavirus, with OPEC considering the possibility of an early meeting.
read more... 31/01/2020
Russia’s Oil Giant Lukoil Plans $100B Investment Over Ten Years
As part of a new development strategy, Lukoil plans to invest more than US$100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief executive of Russia’s second-largest oil producer, told President Vladimir Putin during a meeting on Tuesday.
read more... 29/01/2020
Oil Leaders at Davos Debate Tougher CO2 Cuts as Pressure Mounts
The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday, a sign of how much pressure they’re under from activists and investors to address climate change.
read more... 27/01/2020
Daily (05.12.2019): Oil prices skyrocketed about 4% on Wednesday ahead of the OPEC meeting
Crude oil prices skyrocketed on Wednesday, buoyed by hopes of deeper production cuts from OPEC and its allies and following a larger-than-expected drop in U.S. stockpiles. Brent crude soared by 3.6% to settle at $63 a barrel. WTI crude gained 4.2%, closing at $58.43 a barrel. It was its third straight day of gains, and its best day since September.
read more... 05/12/2019