Latest news
BP to develop 15 trillion-cubic-foot West African gas field
BP said on Friday it will move forward with plans to develop the Greater Tortue Ahmeyin gas field located in ultradeep waters shared by Senegal and Mauritania.
read more... 26/12/2018
Total To Launch Oil Exports From New Nigerian Field In February
Just as OPEC and partners will have started the new round of production cuts to reduce oversupply, France’s Total is set to begin exports from the new ultra-deep Egina oil field offshore Nigeria in February 2019, at an initial rate of just over 100,000 bpd, Bloomberg reported on Thursday, quoting a copy of a loading program for the new grade it had seen.
read more... 21/12/2018
Daily (14.12.2018): European year-ahead power prices surged by over 2% on Thursday, amid a bullish energy complex
Oil prices rose on Thursday after a sharp decline in U.S. crude inventories. Accordingly, WTI crude increased by 2.8% to $52.58 a barrel. Concerns over a deficit of crude in the market, following the recent agreement between OPEC and Russia on a 1.2 million bpd production cut, also contributed to a price boost. Brent crude added 2.2% to close at $61.45 a barrel.
read more... 14/12/2018
Daily (13.12.2018): NBP spot gained 1.6% on Wednesday due to cooler weather forecasts
Oil prices edged slightly lower on Wednesday, after Iran’s minister stated that opinions within OPEC related to output reduction differ. Nevertheless, losses were capped by the recent decline in Libya’s exports. Brent crude was almost unchanged at $60.15 a barrel. WTI crude lost 1% to end at $51.15 a barrel.
read more... 13/12/2018
Daily (05.12.2018): NBP spot price dropped by 3.3% on Tuesday due to warmer weather and oversupply
Oil prices gained further momentum on Tuesday, on expectations for supply shortages, a subject to be discussed at the meeting between the OPEC and Russia in Vienna on the 6th of December. Brent crude price traded 0.6% higher at $62.08 a barrel. At the same time, the cut in Canadian production in the efforts to help OPEC limit oversupply also boosted prices. WTI crude surged by 0.6% at $53.25 a barrel.
read more... 05/12/2018