Latest news
Daily: Oil prices drop since U.S. stockpiles seen increasing
Oil prices dropped on Tuesday on expectations of another increase in U.S. stockpiles and since Saudi Arabia maintains production near record highs, but prices stayed close to a 2015 peak attained last week.
read more... 21/04/2015
Bulgaria launches tenders for offshore gas and oil exploration
Bulgaria, ready to diminish its almost total reliance on Russian gas, has opened two tenders for deepwater gas and oil exploration off its Black Sea coastline, as stated by the energy ministry on Monday.
read more... 21/04/2015
Daily: Crude oil prices rocket to 2015 high on Yemen turmoil
Crude oil prices soared to new 2015 peaks on Thursday, buoyed by news that tribal group made up of former Al Qaeda militants seized control of a major southern oil terminal in Yemen. Brent crude for June delivery boosted 66 cents to settle at $63.98 a barrel, rebounding from a $62.00 low and hitting a 2015 peak for front-month Brent of $64.95. WTI crude for May delivery climbed 32 cents to settle at $56.71, hitting a 2015 high of $57.42 after recovering from a $55.07 intraday low.
read more... 17/04/2015
Norway suggests electricity utility unbundling
Norway wishes utilities to split their distribution and production operations, in a step towards grid consolidation, as stated by the oil and energy ministry on Wednesday.
read more... 16/04/2015
Daily: Crude oil prices rally, with WTI at 2015 peak
Crude oil prices soared on Wednesday, with WTI hitting a 2015 peak after government figures indicated crude oil stockpiles in the United States boosted less than expected last week. Expiring front-month May Brent contract jumped $1.89 to settle at $60.32. Brent crude for June delivery rose by 3.51 to close at $63.32. U.S. crude for May delivery climbed $3.10 to settle at $56.39 a barrel, highest level of the year.
read more... 16/04/2015