Crude oil futures settled higher on Wednesday on bullish stockpiles report from the Department of Energy and after Dow Jones indicated that Saudi Arabia would retreat its production after the summer. U.S. crude for September delivery rose by 81 cents to close at $48.79 a barrel Wednesday after soaring as much as 2.5 percent from six-month lows earlier in the session. Front-month Brent futures increased by 6 cents at $53.36 a barrel, having recovered from an intraday low of $52.51.
read more... 30/07/2015
Ukraine intends to raise natural gas imports from Europe in August with a view to expanding injections into storage for next winter, as stated by Energy Minister Volodymyr Demchyshyn on Monday.
read more... 28/07/2015
Crude oil futures touched four-month lows on Monday after a sharp decline in China’s stock markets which intensified worries about the economic health of the largest energy consumer in the world, while data showed a growing crude glut. Brent crude oil slipped $1.15, or 2 percent, to close at $53.47 a barrel. U.S. crude dropped 75 cents, or 1.6 percent, to settle at $47.39.
read more... 28/07/2015
US based General Electric's oil and gas unit has won contract to provide advanced turbomachinery for the first phase of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is being constructed for gas transportation from Azerbaijan to Europe.
read more... 27/07/2015
Crude oil prices declined and WTI closed below $50 a barrel on Wednesday after government figures indicated that crude oil stockpiles in the United States strengthened last week and as a stronger dollar and weaker global equities added to pressure. U.S. crude for September delivery tumbled $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. Brent crude for September delivery dropped 91 cents to close at $56.13.
read more... 23/07/2015