Latest news
Daily (09.04.2019): WTI crude at its 5-month high on Monday due to conflict in Libya
Crude oil prices increased on Monday, bolstered by concerns that civil unrest in Libya could lead to a tighter crude supply. OPEC’s production cuts as well as U.S. sanctions against Iran and Venezuela also supported prices. Brent crude price rose by 1.1% to $71.10 a barrel. Meanwhile, WTI futures hiked by 2.1% to $64.40 a barrel, after data showed a drop in the crude inventories at the WTI delivery point in Cushing, Oklahoma.
read more... 09/04/2019
Daily (05.04.2019): European power prices on the curve climbed by over 3% on Thursday following bullish carbon market
Oil prices varied on Thursday. Brent crude edged 0.1% higher at $69.40 a barrel on tightening global supply due to U.S sanctions on Iran and Venezuela, as well as OPEC-led output cuts. Meanwhile, WTI futures declined by 0.6% to $62.10 a barrel on rising production and higher crude inventories.
read more... 05/04/2019
Russia’s Gazprom Neft Boosts Oil Output Capacity In Kurdistan
Russian oil producer Gazprom Neft has increased the production capacity of its Sarqala Field in Iraqi Kurdistan by 25% by launching a third production well.
read more... 05/04/2019
Aker BP makes oil and gas discovery near North Sea’s Bøyla field
The oil and gas discovery by Aker BP was made through the drilling of wildcat well 24/9-14 S and a horizontal appraisal well, called 24/9-14 A, in the Froskelår Main prospect located the Alvheim area.
read more... 21/03/2019
Daily (15.03.2019): EU carbon prices rose by around 2% following Brexit votes
Oil prices diverged on Thursday. Brent crude decreased by 0.5% to 64.23 USD/bbl, as lower Industrial output data in China and political uncertainty around the prospect of a delayed Brexit weighed on prices. WTI futures rose by 0.6% to 58.61 USD/bbl, supported by an expected decline in U.S. crude inventories and output, as well as by U.S. sanctions on Venezuela and Iran.
read more... 15/03/2019