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Ithaca decided to vend Norwegian operations to Hungary’s MOL
North Sea oil and gas firm Ithaca Energy has decided to vend its Norwegian business to Hungary's MOL for $60 million, as stated by the companies on Friday, marking the Hungarian firm's entrance into Norway's oil market.
read more... 24/04/2015
Daily: Crude oil prices hit the highest settlement in 2015 on Yemen concerns
Crude oil prices rallied by 3 percent on Thursday, touching 2015 highs, buoyed by continued tensions in the Middle East as well as by hopes for stimulus measures in China. The depreciation of dollar also supported oil prices. Brent crude hit its highest settlement of this year, climbing above $64 a barrel. U.K. North Sea Brent, a global benchmark for oil rose by $2.12, or 3.3 percent, to close at $64.85 a barrel. U.S. crude boosted $1.58, or 2.8 percent, to settle at $58.02 a barrel. Its session peak of $58.41 was a 2015 high.
read more... 24/04/2015
Daily: European prompt power prices mixed with German spot up on lower wind output
Crude oil prices were mixed on Wednesday with European benchmark Brent ending up on continuing unrest in Yemen, while WTI crude closed down after the release of EIA ‘s report showing stockpiles have increased much more than expected last week. Brent crude rose 65 cents to settle at $62.73 a barrel after the White House declared the situation in Yemen remained precarious and more effort is needed to be done in the region. U.S. crude slipped 45 cents to close at $56.16 a barrel.
read more... 23/04/2015
Argentina will ink energy agreement memorandum with Gazprom
Argentine state oil firm YPF is on the point of signing a memorandum of understanding this week in Moscow for Russia's Gazprom to make energy investments in the South American country, as stated by sources familiar with the situation on Tuesday.
read more... 22/04/2015
Daily: Crude oil prices settle down as military campaign in Yemen ends
Crude oil prices declined on Tuesday after Saudi Arabia unveiled the end of its military campaign in Yemen, lessening turmoil in the Middle East and traders predicted another build in U.S. crude inventories. UK North Sea Brent crude slipped $1.37, or 2.1 percent, to settle at $62.08. U.S. crude front-month May contract which expired at the close of Tuesday's session, dropped $1.12, or 2 percent, to close at $55.26 a barrel. WTI crude for June delivery eased $1.27 at $56.61.
read more... 22/04/2015