Statoil has awarded a deal estimated at NOK 8 billion (£0.7bn) to construct an offshore drilling platform.
read more... 26/02/2015
Brent crude futures soared 5 percent on Wednesday, after Saudi Arabia’s oil minister said oil demand was increasing and figures showed Chinese factories were producing more than projected. Brent crude for April delivery boosted $2.97 to settle at $61.63 a barrel. WTI April crude climbed $1.71 to close at $50.99.
read more... 26/02/2015
Crude oil futures dropped on Tuesday on expectations that U.S. crude stockpiles boosted again countered supportive news of Libyan oil fields being closed by a power cut. Brent crude for April delivery eased 24 cents to close at $58.66 a barrel, after hitting $60.30. U.S. crude for April delivery dropped 17 cents to settle at $49.28, off a $50.33 intraday peak.
read more... 25/02/2015
Crude oil futures declined more than 2 percent on Monday on investors’ concerns about supply glut and the dollar appreciation, but heating oil futures rose 5 percent amid operational issues at main U.S. refineries.
read more... 24/02/2015
Crude oil prices were mixed on Friday as the number of U.S. rigs drilling for oil dropped more than expected, while heating oil boosted 6 percent on a cold snap that shrunk output at three refineries. The front-month Brent rose just by penny to settle at $60.22, after plunging to a week low of $57.80 on Thursday. WTI's March futures declined 82 cents to close at $50.34 a barrel, expiring as the front-month contract.
read more... 23/02/2015