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Montenegro grants oil concessions to Eni and Novatek for 30 years
The Montenegrin government offered concessions for oil and gas exploration for a period of 30 years in the Adriatic sea to a conglomerate of Italy's Eni and Russian No. 2 gas company Novatek, an economy ministry representative declared on Thursday.
read more... 05/02/2016
French Total inks 10-year supply agreement with China’s ENN
French oil and gas giant Total has inked a binding Heads of Agreement with ENN LNG Trading for the delivery of 500,000 tonnes per year of liquefied natural gas (LNG) for a period of 10 years.
read more... 04/02/2016
Daily: Oil crude soars 8% on depreciating dollar
Crude oil prices hiked 8 percent on Wednesday, snapping two days of declines, after investors took advantage of a depreciating U.S. dollar, dragged down by data showing a surprisingly increase in U.S. crude stockpiles to record highs. WTI crude posted one its biggest gains in five months, boosting $2.40, or 8 percent, to settle at $32.28. Brent futures soared $2.32, or 7.1 percent, to close at $35.04 a barrel, after increasing as high as $35.11.
read more... 04/02/2016
Oil futures rise, reversing earlier declines but oversupply weighs
Oil futures increased in late Asian trade on Wednesday after spending most of the session in negative area since U.S. crude stocks last week rose to over half-a-billion barrels and as Iran intends to boost exports from March.
read more... 03/02/2016
Daily: Oil prices drop on China economic woes, increasing OPEC supply
Oil prices dropped for a second session in Asian trade on Tuesday since worries about major energy consumer China and increasing oil supply influenced markets, even though potential negotiations between OPEC and Russia on production cuts offered certain support.
read more... 02/02/2016