Latest news
Daily (29.11.2018): NBP spot gas price lost almost 5% on Wednesday, due to an oversupplied system
A decrease in oil crude prices was seen on Wednesday due to global oversupply. The price for Brent declined by 2.4% to $58.76 a barrel, or more than 30% down from a 4-year high reached in October. OPEC is planning a summit in Vienna next week to discuss the necessity of output reductions. Meanwhile, WTI crude traded 2.5% down at $50.29 a barrel.
read more... 29/11/2018
BP begins production from £4.5bn Clair Ridge development offshore UK
BP has announced the start of oil production from the £4.5bn Clair Ridge project in the West of Shetland region offshore UK.
read more... 23/11/2018
BP plans to spend over $1bn in Egypt in 2019
BP is planning to spend more than a billion dollars on its assets in Egypt in the coming year. According to Bob Dudley, BP chief executive, the company will spend $1.8 billion in Egypt and an additional $1 billion annually in Abu Dhabi on new discoveries and licensing rounds as it looks to expand its operations in the Middle East.
read more... 16/11/2018
Daily (13.11.2018): NBP spot gas price added almost 8% on Monday, due to stronger demand
Oil prices edged lower on Monday, following OPEC’s reaction to add more supply in order to cover potential losses of Iranian barrels, after sanctions against crude exports from the Islamic Republic were re-imposed on November 4. Brent crude was almost flat at $70.12 a barrel, while WTI crude lost 0.4% to $59.93 a barrel.
read more... 13/11/2018
US oil production is set to soar past 12 million barrels per day
Rising shale production is putting the United States on track to hit the 12 million bpd oil production mark sooner than previously forecast, the Energy Information Administration said in its November Short-Term Energy Outlook.
read more... 08/11/2018