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Daily: European power prices evolve differently as demand spurred French prices
Crude oil prices decreased over 2% on Friday, prolonging the week’s decline to the largest in eight months, dragged down by largest amount of storage of crude. WTI crude fell $1.01, or 2.42 percent, to settle at $40.74 a barrel. It lost about 8 percent on the week, its most since March. Brent crude dropped 46 cents, or 1.04 percent, to close at $43.60 a barrel. For the week, Brent plunged nearly 8 percent, also its most since March.
read more... 16/11/2015
Daily: Crude oil fell around 4%, close to the six-year low on persistent oversupply
Crude oil prices fell almost 4% on Thursday, dragged down by a persisted supply glut and an increase in U.S. inventories and by a pessimistic forecast for next year. Brent crude declined below $45 a barrel for the first time since August, its sixth decrease of a seven-day losing streak of more than $6 a barrel, or 12 percent. Brent futures lost $1.75, or 3.8 percent, to settle at $44.06 a barrel. WTI crude plunged $1.18, or 2.8 percent, to close at $41.75. It posted a record low in August at $37.75.
read more... 13/11/2015
Statoil establishes tougher 2020 CO2 target to reduce increasing emissions
Norway's Statoil set a new goal on Wednesday to improve the efficiency of its oil and gas operations by 2020 to aid reduce the firm's increasing carbon dioxide emissions.
read more... 12/11/2015
Daily: Crude oil plunges to the lowest level since 27 August on supply jitters
Crude oil prices reversed gains from the previous day, plunging about 3 percent on Wednesday, touching August lows, sparking new worries about growing U.S. crude stockpiles and supplies from Iraq. Brent crude declined $1.63, or 3.4 percent, to settle at $45.81 a barrel, posting a session low of $45.62, the lowest since August 27. U.S. West Texas Intermediate contract eased $1.28, or 3 percent, to close at $42.93.
read more... 12/11/2015
2015 World’s top oil and gas firms
Oil and gas firms are among the world’s largest corporations. According to 2015 Financial Times Global 500 list, among the global top 10 oil and gas companies based on net income are the. U.S. firm Exxon Mobil, which is ranked first, with a total net income of about 32.5 billion U.S. dollars, followed by Chevron U.S., PetroChina etc.
read more... 11/11/2015