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Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather
Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.
read more... 11/11/2019
Aker BP plans early startup at Norway's Aerfugl gas field
Oil and gas firm Aker BP will accelerate the startup of production from Norway’s Aerfugl natural gas field, the company said on Monday.
read more... 11/11/2019
Daily (08.11.2019): NBP spot jumped by 5.5% on Thursday amid higher demand and weaker Norwegian pipeline supply
Crude oil prices firmed on Thursday, amid optimistic signs from China suggesting that the trade deal with the U.S. is moving closer to a much-awaited conclusion, raising hopes for a stronger crude demand. Under such circumstances, WTI futures spiked by 1.4% to $57.15 a barrel, while Brent crude inched up by 0.9% at $62.29 a barrel.
read more... 08/11/2019
Daily (06.11.2019): NBP spot climbed by 9% on Tuesday amid strong demand
Optimism over a nearing U.S.-China trade agreement and a potential suspension of some U.S. tariffs on Chinese imports pushed crude oil prices higher on Tuesday. Hence, Brent crude rose by 1.3% to $62.96 a barrel. In the meantime, WTI futures ended 1.2% up at $57.23 a barrel.
read more... 06/11/2019
Daily (04.11.2019): NBP spot surged by 25.5% on Friday due to lower Norwegian flows and an expected spike in heating demand
Crude oil prices posted robust gains on Friday, stimulated by higher-than-expected U.S. employment data in October and optimism that Chinese factory activity expanded at the fastest rate since 2017. On trade talks side, the U.S. and China are moving closer towards a Phase One trade deal, which might be signed this month. That bullish background sent WTI futures 3.7% up at $56.20 a barrel, while Brent crude hiked by 2.4% to $61.69 a barrel.
read more... 04/11/2019