Latest news
Oil discovery in Egypt’s Western Desert
Independent producer Apex said the well in Cretaceous sandstones can produce 2,000 barrels a day
read more... 19/01/2021
Italy's Edison sells Norway upstream assets to focus on energy transition
The deal, which includes a portfolio of five exploration licences and reserves of 25.9 million barrels of oil equivalent, is expected to close before the end of June
read more... 31/12/2020
Daily (04.12.2020): Oil prices hit their highest levels since March after OPEC agreed to gradually increase production
Crude oil futures jumped to their highest levels since March after OPEC+ agreed to gradually return to the market 2 million barrels per day expected early next year, starting with 500,000 barrels per day in January, at the end of four days tough negotiations. The deal is a compromise meant to allow its members to benefit from rising prices without flooding the market. Hence, Brent crude increased by 1% to settle at $48.71 a barrel. Meanwhile, U.S. WTI crude rose by 0.8% to end at $45.28 a barrel.
read more... 04/12/2020
Equinor to boost Johan Sverdrup output
Once again, the Equinor-operated Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.
read more... 18/11/2020
China’s Oil Imports Slowly Return To Normal Levels
China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the congestion at Chinese ports, according to data from energy analytics services provider OilX.
read more... 06/10/2020