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Daily: Crude oil rebounds 4 % on less anxiety about Britain's possible exit from the European Union
Crude oil prices rebounded about 4% on Friday, as a weaker dollar and fears ease about Britain’s possible exit from the European Union prompted investors to purchase riskier assets. Brent crude futures' front-month contract rose by $1.98, or 4.2%, to settle at $49.17 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures boosted $1.77, or 3.8%, to end at $47.98. For the week, Brent declined nearly 3% and WTI lost more than 2%.
read more... 20/06/2016
Russia’s Lukoil envisages sale of oil refineries in Europe
Russia’s oil company Lukoil mulls spinning off or selling its downstream assets in Europe to focus on exploration both in Russia and abroad, according to Chief Executive Vagit Alekperov.
read more... 20/06/2016
Daily: Oil dives 4% on fears about Britain exit
Crude oil prices dipped 4 percent and reached one-month lows on Thursday, ending down for a sixth consecutive day, on worries about global economic turmoil if Britain exits the European Union. However, oil pared losses as the sterling appreciated, but crude fell again in post-settlement trade to hit fresh lows on the day. Brent crude futures' front-month contact closed down $1.78, or 3.6 percent, at $47.19 per barrel. The front-month in U.S. West Texas Intermediate (WTI) crude futures lost $1.80, or 3.8 percent, to settle at $46.21 a barrel.
read more... 17/06/2016
Statoil gets the green light to develop its Oseberg Vestflanken 2 project
Norway’s Ministry of Petroleum and Energy has given Statoil the green light for the development of its Oseberg Vestflanken 2 project.
read more... 16/06/2016
Daily: Crude oil prices plunge for the fifth straight day on Brexit fears, Fed rate hikes
Crude oil prices dipped for a fifth consecutive session on Wednesday on fears that UK might leave the European Union, while the U.S. Federal Reserve announced plans for two U.S. rate hikes this year despite sluggish growth expectations. Brent crude futures for front-month delivery fell 86 cents, or 1.7 percent, to settle at $48.97 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost 48 cents, or 1 percent, to close at $48.01 per barrel.
read more... 16/06/2016