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Daily: UK natural gas prices soar on unplanned outage at Dimlington gas terminal
Crude oil prices settled higher on Tuesday, with Brent closing just above $86 a barrel after two consecutive days of losses, pushed by a weaker dollar and a rally on Wall Street. Brent increased by 20 cents at $86.03 a barrel, while U.S. crude rose 42 cents to settle at $81.42 a barrel, after hitting a more than two-year low of $79.44 on Monday. Oil rose after riding a late soaring in U.S. inventories, buoyed by encouraging corporate earnings.
read more... 29/10/2014
Poland: PGNiG to purchase $300 million oil and gas deposits from Norway
Poland's gas monopoly PGNiG has decided to acquire a 996-million zloty ($300 million) stake in four new oil and gas deposits from Total E&P Norge, as stated by the company on Monday.
read more... 28/10/2014
Daily: British prompt gas prices shrink on solid supply eclipsing demand
Brent crude oil prices dropped on Friday, but posted a modest change on the week as traders took a break from months-long rout, despite of increasing worldwide supply signs and U.S. contango structure threatened sharper losses. Brent crude for December delivery closed at $86.13 per barrel, down 70 cents for the day and 3 cents below last Friday's settlement price. Meanwhile, U.S. crude oil futures, continued to decline, with contracts for December delivery dropping $1.08 at $81.01 per barrel.
read more... 27/10/2014
Daily: Brent crude posts the biggest gain since June on Saudi Arabia production cut
Brent crude oil increased by about 3 percent on Thursday, posting the largest percentage gain in a day since June 12, after an industry source said Saudi Arabia curbed production in September following the summer's decline in prices. Brent crude for December delivery boosted $2.12, or 2.5 percent, at $86.83 barrel, while U.S. crude's front-month rose by $1.57, or 2 percent, to close at $81.86, after an intraday peak at $82.37. That was the biggest percentage increase since September 16.
read more... 24/10/2014
Shell discovers gas fields in offshore Gabon
Oil major Royal Dutch Shell declared it discovered a gas field under a layer of salt in deep water off the coast of Gabon, in a finding which could corroborate the explorer expectations that elements of West Africa's geology are analogous to Brazil's.
read more... 23/10/2014