Latest news
Daily (12.02.2020): NBP spot down about 3% on Tuesday as higher renewable generation weighed on gas-for-power demand
Crude oil prices rebounded on Tuesday from the 13-month lows, following a report unveiling that the number of new coronavirus cases in China declined, easing some fears about a weakening demand for black oil.
read more... 12/02/2020
Daily (29.01.2020): NBP spot rose by over 2.5% on Tuesday, due to an undersupplied system
Crude oil prices edged higher on Tuesday, recovering from a five-day streak of losses, following a rally in global equity markets and on news that OPEC might extend its cuts amid fears the coronavirus could hurt oil demand.
read more... 29/01/2020
Rosneft increases its share in Bayernoil refinery
Rosneft Deutschland, a subsidiary of Russian oil giant, has completed the deal to acquire a 3.57% stake in Bayernoil Raffineriegesellschaft from British BP, Rosneft said on 17 January, adding that as result of this deal, Rosneft increased its shareholding to 28.57% from 25%.
read more... 22/01/2020
Daily (20.01.2020): NBP spot down 1% on Friday as robust supply offset colder weather forecasts
Crude oil futures posted modest gains on Friday due to a sluggish economy in China, intensifying worries about fuel demand. For the week, prices were slightly down.
read more... 20/01/2020
BP, SOCAR begin exploration drilling at Shafag-Asiman block offshore Azerbaijan
British oil company BP and its partner State Oil Company of the Republic of Azerbaijan (SOCAR) have commenced drilling of the Shafag-Asiman block offshore Caspian Sea in the Azerbaijan sector.
read more... 16/01/2020