Crude oil prices diverged, but ended little changed on Tuesday, with Brent crude hovering near 13-month highs at $63.35 a barrel, as the market was monitoring the progress of vaccination campaigns against Covid-19. Freezing cold that is hitting the United States and optimism about economic recovery added further support to oil prices. Meanwhile, U.S. WTI crude settled at $60.05 a barrel, declining modestly by 0.2% day-on-day.
read more... 17/02/2021
Crude oil futures gained ground on Monday despite OPEC cutting its forecast for 2021 growth in oil demand, with traders focusing over the start of the coronavirus vaccine campaign in the United States. Hence, Brent crude for February delivery rose by 32 cents, or 0.6%, to settle at $50.29 a barrel. Meanwhile, U.S. WTI crude for January delivery increased by 42 cents, or 0.9%, to end at $46.99 a barrel. Both contracts climbed to their highest level in nine months.
read more... 15/12/2020
As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field.
read more... 01/10/2019
Romania's top oil and gas group OMV Petrom said on Monday it has started a 30 million euro ($34 million) new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.
read more... 04/07/2019
French oil giant Total is launching its biggest exploration campaign for years as the company sets its sights areas known to contain commercial levels of oil or gas.
read more... 30/01/2019