One of Israel's biggest energy companies plans to sell its share of a large offshore gas field to a firm based in the United Arab Emirates for an estimated $1.1 billion, the biggest such deal since the two countries normalised ties last year. Delek Drilling, owned by the Israeli billionaire Yitzhak Tshuva, said Monday that it signed a memorandum of understanding with Mubadala Petroleum, part of a conglomerate owned by the government of Abu Dhabi. The proposed deal was detailed in a notification filed with Israeli authorities.
read more... 27/04/2021
Crude oil prices edged lower on Friday, as encouraging economic indicators from the United States and China were offset by coronavirus concerns. As such, Brent oil slipped by 0.3% to $66.77 a barrel, and WTI crude lost 0.5% to close at $63.13 a barrel.
read more... 19/04/2021
Oil prices continued to fluctuate in a narrow range on Monday, spurred by signs that demand is recovering in key markets like India and the United States. Moreover, reports that Yemen's Iran-backed Houthi rebels attacked a Saudi oil facility, lifted tensions in the oil-rich Middle East. Hence, Brent crude added 0.5% to settle at $63.28 a barrel. U.S. WTI crude rose by 0.6% to end at $ 59.70 a barrel.
read more... 13/04/2021
The implementation of a law that would switch all Ukrainian gas reporting to energy units rather than volumetric space could be delayed well beyond 1 May, causing concern among market participants.
read more... 09/04/2021
Crude oil prices increased on Tuesday, on optimism over demand recovery amid a fast vaccine rollout in the United States. Gains, however, were limited by OPEC+ members’ decision of an increase in their output. Brent oil ended 1% up at $62.74 a barrel, while WTI crude rose by 1.2% to $59.33 a barrel.
read more... 07/04/2021