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Daily: UK natural gas prices remain flat as outages end
Crude oil decreased 5 percent to near six-year lows before rebounding on Tuesday as some traders moved to take benefits of large storage space in the United States. Brent dropped by 84 cents to settle at $46.59 a barrel, after slipping to $45.19, its weakest level since March 2009. U.S. crude declined by 18 cents at $45.89, after striking an April 2009 low of $44.20.
read more... 14/01/2015
Daily: European power prices boost on wind power decline
Crude oil declined 5 percent to its weakest level in nearly six years on Monday after Goldman Sachs prevented that prices would plummet further and Gulf oil producers showed no sign of slashing output. Brent slipped $2.68, or more than 5 percent, to settle at $47.43 a barrel, its third-highest one-day decline since 2011 and its lowest close since March 2009. U.S. crude decreased $2.29 to close at $46.07.
read more... 13/01/2015
Daily: Oil strikes the lowest level since April 2009 on U.S. oil rig figures
Global oil markets resumed their decline on Friday, with Brent and U.S. crude striking lows lastly seen in April 2009 and closing down for a seventh consecutive week. Brent crude broke below $49 a barrel but settled above the $50 support level after oil services firm Baker Hughes announced the sharpest drop in 24 years in the number of U.S. oil drilling rigs. Brent crude declined 85 cents to close at $50.11 a barrel, after slipping previously to $48.90. WTI crude fell 43 cents to settle at $48.36, having touched $47.16 earlier.
read more... 12/01/2015
Egypt: Eni signs deal for new exploration block
Italian oil and gas conglomerate Eni declared on Friday it had inked a deal to operate a new exploration block in the western desert of Egypt, reinforcing its position in the country.
read more... 12/01/2015
Statoil manager remains to dividend policy in spite of low oil prices
Norwegian oil and gas producer Statoil will keep on making dividend payments a major priority even if oil prices have decreased more sharply than it anticipated, obliging it to be selective over projects, as stated by its acting chief executive.
read more... 09/01/2015