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Daily: European spot power prices mixed on stronger wind output in Germany, colder weather in France
Brent crude prices declined 2 percent on Monday, dragged down by European Central Bank bond-buying, while U.S. crude boosted 1 percent on a smaller-than-expected increase in stockpiles at the main oil hub at Cushing, Oklahoma, driving to a narrowing gap between the two benchmarks. Brent decreased $1.20, or 2 percent, to settle at $58.53 a barrel, while U.S. crude rose by 39 cents, or 0.8 percent, to close at $50.
read more... 10/03/2015
New oil and gas facility opened by GE for subsea projects in Australia
A new oil and gas facility has been opened by General Electric (GE) in Broome, Western Australia to service subsea projects.
read more... 10/03/2015
BP and associates will invest $12 billion in Egypt gas transaction
British oil firm BP hopes to invest approximately $12 billion with its associates as part of a concluded West Nile Delta concession agreement to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.
read more... 09/03/2015
Daily: Crude oil posts the sharpest weekly decline since January on resurgent dollar, rate hike concerns
Crude oil prices settled down on Friday, with Brent posting the largest loss in a week since January, as a recovering dollar and concerns about an U.S. rate increase draw away attention from the declining number of rigs drilling for oil in the United States. Benchmark Brent oil decreased by 75 cents, or 1.2 percent, to settle at $59.73 a barrel. It registered 4 percent slide on the week, its largest decline since the week ended January 9. U.S. crude dropped $1.15, or 2.3 percent, to close at $49.61 a barrel. It posted a slight loss on the week, for a third consecutive week of declines.
read more... 09/03/2015
Daily: Crude oil prices tumble in a volatile trade, on stronger dollar, nuclear deal pursuit and supply concerns
Crude oil prices settled lower on Thursday on a volatile trade, as a stronger dollar and Washington’s pursuit of a nuclear deal with Tehran offset previous gains from supply concerns in Libya and Iraq. Brent dropped 7 cents to close at $60.48 a barrel, after soaring more than $1 earlier. U.S. crude declined 77 cents at $50.76, after rallying to $52.40 earlier.
read more... 06/03/2015