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Daily (24.08.2018): UK NBP spot price jumped by 2.1% on Thursday, due to an undersupplied system
Oil prices were stable on Thursday, as previous gains due to a larger-than-expected draw in inventories were counterbalanced by growing outputs in the U.S., Russia and Saudi Arabia. Moreover, escalating trade disputes between US and China weighed on demand. Brent crude price edged slightly lower at $74.73 a barrel, while WTI crude price was almost steady at $67.83 a barrel.
read more... 24/08/2018
Papua New Guinea gas project signs supply deal with BP
An ExxonMobil-operated gas project in Papua New Guinea has agreed a deal to supply liquefied natural gas (LNG) to a unit of British oil giant BP (BP.L), said Australia’s Oil Search Ltd (OSH.AX), a partner in the development.
read more... 20/08/2018
Daily (17.08.2018): NBP spot jumped by 4.5% week-on-week to a 5-month peak, due to outages and lower flows from Norway
Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.
read more... 17/08/2018
Daily (10.08.2018): NBP spot price dropped by 0.5% on Thursday due to an oversupplied system
Increased trade tensions between U.S. and China will probably lead to a lower demand for crude, weighing down on oil prices. Brent crude slipped by 0.3% to settle at $72.07 a barrel. On its turn, WTI crude edged 0.2% lower to 66.81 a barrel.
read more... 10/08/2018
Aker BP to acquire Total’s Norway offshore acreage for $205m
Aker BP has signed a deal to acquire Total E&P Norge’s stakes in a portfolio of licenses located on the Norwegian Continental Shelf for a total of $205m.
read more... 02/08/2018