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Croatia might go for referendum on Adriatic gas and oil
Croatia might hold a referendum on the planned exploitation of possible gas and oil wells in the Adriatic, as stated by Prime Minister Zoran Milanovic on Monday, replying to increasing criticism from eco-friendly groups.
read more... 17/03/2015
Daily: Crude oil prices fell 9% on the week
Global oil prices plunged on Friday and declined 9% on the week, touched by a renewed hike in the dollar and a warning by the International Energy Agency (IEA) that the oil oversupply is growing. Benchmark Brent oil closed at near a one-month low below $55 a barrel and US crude settled near a 2-1/2 month low under $45. Brent closed at $54.67, declining $2.41, or 4.2%, on the day. WTI crude ended at $44.84, down $2.21, or 4.7%.
read more... 16/03/2015
BP inks $12 billion energy agreement in Egypt
Oil firm BP has inked a deal to make an investment $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, as stated jointly by the company and the government on Saturday.
read more... 16/03/2015
Daily: Crude oil prices tumble on strengthening dollar, build in U.S. crude inventories
Crude oil prices eased on Thursday, capped by strengthening dollar and a build in U.S. crude stockpiles at the delivery point for the U.S. crude contract. Brent declined 46 cents, or nearly 1 percent, to close at $57.08. WTI crude dropped $1.12, or 2.3 percent, to settle at $47.05 a barrel. Brent's premium to U.S. crude extended by more than $1 to above $10 a barrel on Thursday, touching a near one-week high.
read more... 13/03/2015
Two exploration wells in east Ukraine have been abandoned by Shell
Royal Dutch Shell has dropped two natural gas exploration wells in eastern Ukraine after they were considered inefficient, as stated by the oil major on Thursday.
read more... 13/03/2015