Oil prices rose on Wednesday following the U.S. Federal Reserve declaration about their intention to leave interest rates unchanged. It also predicted higher inflation this year. Brent crude increased slightly to close at $69.05 per barrel. WTI settled at $64.73 per barrel, up 0.4%.
read more... 01/02/2018
Exxon Mobil Corp declared that it had found a major oil reservoir off the coast of the South American state of Guyana.
read more... 09/01/2018
The Business, Energy and Industrial Strategy (BEIS) Committee recommended the UK Government to preserve as close partnership possible with EU’s nuclear association after Brexit.
read more... 14/12/2017
A new oil field with around 1 billion ton of petroleum was discovered in China's Xinjiang Uighur Autonomous Region.
read more... 06/12/2017
UK’s petroleum reserves sufficient for 20 more years
read more... 01/11/2017