Latest news
Daily: German power prices drop on stronger solar power output
Crude oil prices settled down on Friday, lightly washing out their sixth consecutive week of gains, dragged down by milder temperatures in U.S. after a cold snap, causing a selloff in heating oil.
read more... 24/02/2014
Daily: WTI crude rallies at four-month high on robust winter demand
Brent crude traded above $110 a barrel on Wednesday, destabilized by internal conflict in South Sudan and oil supply disruption in Libya, while protests in Venezuela raised concerns. Meanwhile, U.S. light crude hit its highest level in four months as stockpiles are expected to decline on winter demand and new pipeline capacity.
read more... 20/02/2014
Statoil to develop Norwegian oil field
Statoil has announced that together with its partners they have agreed on a concept for the expansion of the Johan Sverdrup field, one of the five biggest discoveries ever made offshore Norway, estimating a first phase investment of up to NOK120bn ($19.6bn).
read more... 20/02/2014
Eni has made an important oil and gas discovery in Congo
Italian oil and gas company Eni has made an important oil and gas discovery in the Marine XII block located about 17 km offshore Congo, at the Nene Marine 3 well. According to the company, the field where the well is sited might contain about 1.2 billion barrels of oil and 30 billion cubic metres of gas in place.
read more... 19/02/2014
Daily: European coal prices fall on warm weather outlook
Brent crude oil futures increased on Tuesday, touching the highest level in 2014, since oil supply continued to fall in Libya and South Soudan rebels attacked a key oil town, and because of the protests in Venezuela which destabilized the situation. Meanwhile, U.S. crude oil futures boosted by more than $2 a barrel on Tuesday to attain a fresh four-month high on higher heating oil prices, encouraged by stronger demand amid cold weather.
read more... 19/02/2014