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Daily: Crude oil declines for a third consecutive session on Iran nuclear negotiations
Crude oil declined for a third consecutive session on Tuesday, with Brent crude posting a 12 percent loss for the month, as world powers started to negotiate intensively a nuclear deal with Iran that could bring an additional 1 million barrels per day back online in the coming months. Brent oil dropped $1.18, or 2.1 percent, to settle at $55.11 a barrel, after decreasing to $54.72 during the session. WTI crude decreased $1.08, or 2.2 percent to close at $47.60, off its earlier low at $47.28.
read more... 01/04/2015
Daily: British prompt gas prices decline on stronger flows, a supply glut in the system
Crude oil closed down for a second consecutive session on Monday as Iran and six world powers accelerated the pace of negotiations to reach a nuclear deal with Tehran that could ease Western sanctions and allow OPEC member to carry crude into an already flooded market. Benchmark Brent oil declined 12 cents to settle at $56.29 a barrel, after slipping $1.21 earlier. WTI crude dropped 19 cents to settle at $48.68, having fallen by $1.26 earlier.
read more... 31/03/2015
Britain’s Littlebrook oil-fired power plant will shut down on March 31
RWE Generation will close the oil-fired power plant at Littlebrook in Britain on Tuesday because of European Union environmental law, as confirmed by the company on Monday.
read more... 31/03/2015
Total vends Nigerian oilfield stakes estimated at above $1 billion
French oil producer Total has decided to vend a stake in an onshore oilfield in Nigeria for $569 million, bringing the profits from prior divestments in the country to over $1 billion.
read more... 31/03/2015
Russia may possibly authorize more companies to offshore oil
Russia could permit more oil firms to access its offshore projects, as stated by Energy Minister Alexander Novak on Friday.
read more... 30/03/2015